The demand equation for a certain product is given by 'p = 112 - 0.04 x, where 'p' is the unit price (in dollars) of the product and 'x` is the number of units produced. The total revenue obtained by producing and selling 'x' units is given by R = x p`. Determine prices 'p' that would yield a revenue of 6850 dollars. Lowest such price dollars %3D Highest such price dollars

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section: Chapter Questions
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q 12 hw3.2

The demand equation for a certain product is given by p = 112 - 0.04 x ` , where `p` is the unit price (in
dollars) of the product and `x` is the number of units produced. The total revenue obtained by producing
and selling `x` units is given by R = x p`.
Determine prices 'p` that would yield a revenue of 6850 dollars.
Lowest such price =
dollars
%3D
Highest such price =
dollars
Transcribed Image Text:The demand equation for a certain product is given by p = 112 - 0.04 x ` , where `p` is the unit price (in dollars) of the product and `x` is the number of units produced. The total revenue obtained by producing and selling `x` units is given by R = x p`. Determine prices 'p` that would yield a revenue of 6850 dollars. Lowest such price = dollars %3D Highest such price = dollars
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