Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. A manufacturer of digital cameras wholesales a camera to retails outlets. The financial department in the company analyzed price-demand data and determined the following

image text in transcribed
2. A manufacturer of digital cameras wholesales a camera to retails outlets. The financial department in the company analyzed price-demand data and determined the following price-demand function: p(x)=94.2-5x with 1sx515, where p is the wholesale price per camera at which x million cameras are sold. a) What is the company's revenue function R for this camera, and what is its domain? (Use proper function notation.) Revenue function: Domain: X=C1, 15) b) Evaluate R(6) to the nearest tenth and explain what it means in the context of the problem. R(6) = and it means

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino

6th Canadian edition

1259453146, 978-1259453144

More Books

Students also viewed these Finance questions