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) = 90 - 4x R(x) = xp(x) = x(90 - 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 1sxs18. Price-demand function Revenue function (A) Which of the folowing is the graph of the revenue function? Oc. OA. 600 OB. 600 a5 10 15 20 -200- 400 -400 200 600 05 10 15 20 -20-15-10 -5 0 (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? million (Round to two decimal places.) (C) What is the wholesale price per chip that produces the maximum revenue? (Round to the nearest dollar.)
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) = 90 - 4x R(x) = xp(x) = x(90 - 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 1sxs18. Price-demand function Revenue function (A) Which of the folowing is the graph of the revenue function? Oc. OA. 600 OB. 600 a5 10 15 20 -200- 400 -400 200 600 05 10 15 20 -20-15-10 -5 0 (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? million (Round to two decimal places.) (C) What is the wholesale price per chip that produces the maximum revenue? (Round to the nearest dollar.)
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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