1.Recall that revenue is related to price and the number of widgets sold.Assume that the annual widget sales match the annual widget demand, and construct a model for revenue using the model for price that you found in the Price section.Give your model for revenueR(x), whereR(x)is the total annual revenue in dollars forxwidgets sold.

2.What number of widgets sold will yield positive revenue?Be sure to answer in complete sentences and to include units.Explain how you found the results.

b. Determine the number of widgets that you should try to sell in order to maximize revenue.What is the maximum revenue?Be sure to answer in complete sentences and to include units.Explain how you found the results

Regression Project: Data The table below contains the price, demand, and total cost data for the production of a: widgets. Here 11 is the price (in dollars) of a widget for an annual demand of a: widgets, and C is the annual total cost (in dollars) of producing a: widgets per year. Price, Demand, and Total Cost for Widget Production Demand ac (widgets) Price :0 ($/widget) Total Cost 0 ($) 10 141 609 20 133 1103 30 126 1618 40 128 2109 50 113 2603 60 97 3111 70 90 3619 80 82 4103 90 79 4601 100 53 5114