SOLUTION: When x units of a certain luxury commodity are produced, they can all be sold at a price of p thousand dollars per unit, where p=-6x+100.
a. Express the revenue R(x) as a function
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-> SOLUTION: When x units of a certain luxury commodity are produced, they can all be sold at a price of p thousand dollars per unit, where p=-6x+100.
a. Express the revenue R(x) as a function
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Question 800466: When x units of a certain luxury commodity are produced, they can all be sold at a price of p thousand dollars per unit, where p=-6x+100.
a. Express the revenue R(x) as a function of x.
b. How much revenue is obtained when x=15 units are produced and sold?
You can put this solution on YOUR website! a)
R(x)= xP = xP(x) = x(-6x+100) = -6x^2+100x
b)
If x = 15 then R(x) = R(15) =15(-6(15)+100) = 150
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