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PLS HELP URGENT! A wholesaler finds that the weekly demand, q, is a linear function of the price, p, of a product. A graph of
PLS HELP URGENT! A wholesaler finds that the weekly demand, q, is a linear function of the price, p, of a product. A graph of q vs. p is shown to the 300 40.390) right. (Note the choice of axes. The intercepts are labeled for 225 you.) Weekly Demand (q) 150 When the price is $6 the company sells 240 units. When the price is $12, the number of units sold per week decreases to 180 units. 75 (30.0) Complete parts a-c below. 15 30 a. Complete the table. Price, p Demand, q Revenue, R = pq $0 units $ $6 240 units $12 180 units $ 0 units b. Write a formula for the demand function q =. (Type an expression using p as the variable.) c. Use your answer to part b to write the formula for the revenue R = pq as a 300 function of price, p. 225- kly Demand (q) Using the graphs, what price, p, should they 150- sell the item at in order to maximize revenue? If the company sells the item at the price of Price (p) p = $ , then the quantity demanded will be q = units and the revenue will be 2.400- R = $. 1.800- and (q) and Revenue (F 1,200- 600
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