The price p (in dollars) and the quantity x sold of a certain product obey the demand
Question:
The price p (in dollars) and the quantity x sold of a certain product obey the demand equation
x = -5p + 100 0 ≤ p ≤ 20
(a) Express the revenue R as a function of x.
(b) What is the revenue if 15 units are sold?
(c) What quantity x maximizes revenue? What is the maximum revenue?
(d) What price should the company charge to maximize revenue?
(e) What price should the company charge to earn at least $480 in revenue?
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a If x 5 p 100 then p 100 x5 b c The maximum re...View the full answer
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