The price p (in dollars) and the quantity x sold of a certain product satisfy the demand

Question:

The price p (in dollars) and the quantity x sold of a certain product satisfy the demand equation x = −20p + 500.

(a) Find a model that expresses the revenue R as a function of p.

(b) What is the domain of R ? Assume R is nonnegative.

(d) What is the maximum revenue?

(e) How many units are sold at this price?

(f) Graph R.

(g) What price should the company charge to earn at least $3000 in revenue?

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a The revenue R is the product of the price p and the quantity x sold So we can express R as a funct...View the full answer

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