SOLUTION: The price, 𝑝, in dollars, and the quantity, 𝑥, sold of a certain product obey the demand equation
𝑝(𝑥) = −15𝑥 + 250
a) Find a model
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-> SOLUTION: The price, 𝑝, in dollars, and the quantity, 𝑥, sold of a certain product obey the demand equation
𝑝(𝑥) = −15𝑥 + 250
a) Find a model
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Question 1125263: The price, 𝑝, in dollars, and the quantity, 𝑥, sold of a certain product obey the demand equation
𝑝(𝑥) = −15𝑥 + 250
a) Find a model that expresses the revenue, 𝑅, as a function of 𝑥
b) What is the revenue if 150 products are sold
c) What quantity 𝑥 maximize the revenue?
d) What is the maximum revenue?
e) What price should the company charge to maximize revenue? Answer by solver91311(24713) (Show Source):
