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: Pix) = 95 - 4x R(x) = xp(x) = x(95-4x) 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 1sxs 19. Price-demand function Revenue function .ww.. (A) Which of the following is the graph of the revenue function?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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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) = 95 - 4x
R(x) = xp(x) = x(95-4x)
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 1sxs 19.
Price-demand function
Revenue function
(A) Which of the following is the graph of the revenue function?
OA.
O B.
C.
45-20
600-
-200
400-
400-
200
-600
-20 -15 -10 -5 0
O $ 10 15 20
(B) Find the output that will produce the maximum revenue.
million chips (Type an integer or a fraction. Simplify your answer.)
What is the maximum revenue?
S million (Round to two decimal places.)
(C) What is the wholesale price per chip that produces the maximum revenue?
(Round to the nearest dollar.)
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) = 95 - 4x R(x) = xp(x) = x(95-4x) 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 1sxs 19. Price-demand function Revenue function (A) Which of the following is the graph of the revenue function? OA. O B. C. 45-20 600- -200 400- 400- 200 -600 -20 -15 -10 -5 0 O $ 10 15 20 (B) Find the output that will produce the maximum revenue. million chips (Type an integer or a fraction. Simplify your answer.) What is the maximum revenue? S million (Round to two decimal places.) (C) What is the wholesale price per chip that produces the maximum revenue? (Round to the nearest dollar.)
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