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

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

x = -20p + 500 0 < p ≤ 25

(a) Express the revenue R as a function of x.

(b) What is the revenue if 20 units are sold?

(d) What price should the company charge to maximize revenue?

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

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Question Posted: Dec 31, 2018 10:37 AM

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

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a If x 20 p 500 then p 500 x20 b c The maximum r...View the full answer

Precalculus

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