document.write( "Question 1204672: The price p(in dollars) and the quantity x sold of a certain product obey the demand equation p=-1/5x+20 , 0<=p<=20
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document.write( "A.express the revenue R as a function of x
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document.write( "B. What is the revenue if 15 units are sold?
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document.write( "C.what quantity x maximizes revenue?
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document.write( "D. What price should the company charge to maximize revenue? \n" );
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Algebra.Com's Answer #841082 by mananth(16946)![]() ![]() You can put this solution on YOUR website! The price p(in dollars) and the quantity x sold of a certain product obey the demand equation p=-1/5x+20 , 0<=p<=20 \n" ); document.write( "A.express the revenue R as a function of x\r \n" ); document.write( "\n" ); document.write( "R= p*x\r \n" ); document.write( "\n" ); document.write( "R= ((-1/5)x+20)*x\r \n" ); document.write( "\n" ); document.write( "R = (-1/5)x^2+20x\r \n" ); document.write( "\n" ); document.write( "B. What is the revenue if 15 units are sold?\r \n" ); document.write( "\n" ); document.write( "R = (-1/5)x^2+20x\r \n" ); document.write( "\n" ); document.write( "R= (-1/5)*15^2+20*15 \n" ); document.write( "R=$255\r \n" ); document.write( "\n" ); document.write( "C.what quantity x maximizes revenue? \r \n" ); document.write( "\n" ); document.write( "R = (-1/5)x^2+20x \n" ); document.write( "dR/dx= -(2/5)*x+20 \n" ); document.write( "To maximise set the derivative to 0 \n" ); document.write( " -(2/5)*x+20=0 \n" ); document.write( "2/5*x=20 \n" ); document.write( "x=100/2 \n" ); document.write( "x= 50\r \n" ); document.write( "\n" ); document.write( "D. What price should the company charge to maximize revenue? \n" ); document.write( "Maximum units 50\r \n" ); document.write( "\n" ); document.write( "P= -1/5*50+20 \n" ); document.write( "-10+20 \n" ); document.write( "=10 \n" ); document.write( "The company should charge $10 to maximize revenue when selling 50 units.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |