The demand function for a particular brand of LCD TV is given by p 1880 – 20x where p is the price per unit in dollars when x television sets are sold. (a) Find the revenue function. R(x) (b) Determine the number of sets that must be sold in order to maximize the revenue. sets (c) What is the maximum revenue? (d) What is the price per unit when the revenue is maximized? per unit

Intermediate Algebra
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ISBN:9780998625720
Author:Lynn Marecek
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Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
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The demand function for a particular brand of LCD TV is given by p
1880 – 20x where p is the price per unit in dollars when x television sets are sold.
(a) Find the revenue function.
R(x)
(b) Determine the number of sets that must be sold in order to maximize the revenue.
sets
(c) What is the maximum revenue?
(d) What is the price per unit when the revenue is maximized?
per unit
Transcribed Image Text:The demand function for a particular brand of LCD TV is given by p 1880 – 20x where p is the price per unit in dollars when x television sets are sold. (a) Find the revenue function. R(x) (b) Determine the number of sets that must be sold in order to maximize the revenue. sets (c) What is the maximum revenue? (d) What is the price per unit when the revenue is maximized? per unit
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