The demand function for a particular brand of LCD TV is given by p = 2870 - 35x 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
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 4.60TI: The manufacturer of a weight training bench spends $120 to build each bench and sells them for $170....
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The demand function for a particular brand of LCD TV is given by p = 2870 - 35x 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 = 2870 - 35x 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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