We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the following price-demand and revenue functions: p(x)=115-4x Price-demand function Revenue function R(x) = xp(x) = x(115-4x) where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions of dollars. Both functions have domain 1≤x≤23. (A) Which of the following is the graph of the revenue function? OA. 800 №600 200- -20 -15 -10 -5 C B 800 600 400 200 0- 0 5 10 15 2 0- -200 -400- 600 -800- (B) Find the output that will produce the maximum revenue. million chips (Type an integer or a fraction. Simplify your answer.)

College Algebra (MindTap Course List)
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ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
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Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
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what is the maximum revenue?

what is the wholesale price per chip that produces the maximum revenue? 

We found that the marketing research department for the company that
manufactures and sells memory chips for microcomputers established the
following price-demand and revenue functions:
p(x)=115-4x
Price-demand function
Revenue function
R(x) = xp(x) = x(115-4x)
where p(x) is the wholesale price in dollars at which x million chips can
be sold, and R(x) is in millions of dollars. Both functions have domain
1≤x≤23.
(A) Which of the following is the graph of the revenue function?
OA.
800
№600
200-
-20 -15 -10 -5 C
B
800
600
400
200
0-
0 5 10 15 2
0-
-200
-400-
600
-800-
(B) Find the output that will produce the maximum revenue.
million chips (Type an integer or a fraction. Simplify your answer.)
Transcribed Image Text:We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the following price-demand and revenue functions: p(x)=115-4x Price-demand function Revenue function R(x) = xp(x) = x(115-4x) where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions of dollars. Both functions have domain 1≤x≤23. (A) Which of the following is the graph of the revenue function? OA. 800 №600 200- -20 -15 -10 -5 C B 800 600 400 200 0- 0 5 10 15 2 0- -200 -400- 600 -800- (B) Find the output that will produce the maximum revenue. million chips (Type an integer or a fraction. Simplify your answer.)
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