SOLUTION: A company’s revenue is the amount of money that comes in from sales, before business costs are subtracted. For a single product, you can find the revenue by multiplying the quantit

Algebra ->  Graphs -> SOLUTION: A company’s revenue is the amount of money that comes in from sales, before business costs are subtracted. For a single product, you can find the revenue by multiplying the quantit      Log On


   

Question 121746: A company’s revenue is the amount of money that comes in from sales, before business costs are subtracted. For a single product, you can find the revenue by multiplying the quantity of the product sold, x, by the demand equation, p.

b. Substitute the result you found from part a into the equation R = xp to find the revenue equation. Provide your answer in simplified form.

Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
#1 b

R=xp Start with the given equation


R=x%28-x%2B62%29 Plug in p=-x%2B62 This is the demand equation we previously solved for.


R=x%2A%28-x%29%2Bx%2862%29 Distribute


R=-x%5E2%2B62x Multiply


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Answer:

So the revenue equation is:
R=-x%5E2%2B62x