SOLUTION: The price p and the quantity x sold of a certain product obey the demand equation below.
x= -4p+88, 0 less than or equals p less than or equals 22
​(a)
Express the revenu
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Question 1130303: The price p and the quantity x sold of a certain product obey the demand equation below.
x= -4p+88, 0 less than or equals p less than or equals 22
(a)
Express the revenue R as a function of x.
(b)
What is the revenue if 68 units are sold?
(c)
What quantity x maximizes revenue? What is the maximum revenue?
(d)
What price should the company charge to maximize revenue?
(e)
What price should the company charge to earn at least $288 in revenue?
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
The price p and the quantity x sold of a certain product obey the demand equation below.
,
(a)
Express the revenue R as a function of x.
(b)
What is the revenue if 68 units are sold?
(c)
What quantity x maximizes revenue? What is the maximum revenue?
is a quadratic with ,
max occurs at
max occurs at
(d)
What price should the company charge to maximize revenue?
...max occurs at
the company should charge to maximize revenue
(e)
What price should the company charge to earn at least $288 in revenue?
solutions:
or
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