SOLUTION: The price p and the quantity x sold of a certain product obey the demand equation {{{ p = ((-1)/2)x + 160 }}} ,0 ≤ x ≤ 320 What price should the company charge to

Algebra ->  Finance -> SOLUTION: The price p and the quantity x sold of a certain product obey the demand equation {{{ p = ((-1)/2)x + 160 }}} ,0 ≤ x ≤ 320 What price should the company charge to      Log On


   



Question 472107: The price p and the quantity x sold of a certain product obey the demand equation
+p+=+%28%28-1%29%2F2%29x+%2B+160+ ,0 ≤ x ≤ 320
What price should the company charge to maximize revenue?

A. $80
B. $120
C. $96
D. $40


Answer by mananth(16946) About Me  (Show Source):