Question
The following function is a company's price function, where p is the price (in dollars) at which quantity x (in thousands) will be sold. p
The following function is a company's price function, where p is the price (in dollars) at which quantity x (in thousands) will be sold. p = 800e0.1x
(a) Find the revenue function R(x). [Hint: Revenue is price times quantity, p x.]
R(x) =
(b) Find the quantity and price that will maximize revenue. (Round your answers to two decimal places.)
x =
p = $
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Transportation A Global Supply Chain Perspective
Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard
8th edition
9781305445352, 1133592961, 130544535X, 978-1133592969
