The price p (in dollars) and the quantity x sold of a certain product obey the demand equationp = - 1/10 x + 150 0 ≤ x ≤ 1500(a) Express the revenue R as a function of x.(b) What is the revenue if 100 units are sold?(c) What quantity x maximizes revenue? What is the maximum revenue?(d) What price should the company charge to maximize revenue?
The price p (in dollars) and the quantity x sold of a certain product obey the demand equationp = - 1/10 x + 150 0 ≤ x ≤ 1500(a) Express the revenue R as a function of x.(b) What is the revenue if 100 units are sold?(c) What quantity x maximizes revenue? What is the maximum revenue?(d) What price should the company charge to maximize revenue?
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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The price p (in dollars) and the quantity x sold of a certain product obey the demand equation
p = - 1/10 x + 150 0 ≤ x ≤ 1500
(a) Express the revenue R as a function of x.
(b) What is the revenue if 100 units are sold?
(c) What quantity x maximizes revenue? What is the maximum revenue?
(d) What price should the company charge to maximize revenue?
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