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We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the followingprice-demand and revenuefunctions: p(x)=1103x Price-demand
We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the followingprice-demand and revenuefunctions:
p(x)=1103x
Price-demand function
R(x)=xp(x)=x(1103x)
Revenue function
wherep(x) is the wholesale price in dollars at which x million chips can besold, andR(x) is in millions of dollars. Both functions have domain 1x22.
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