Question
Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: Price- p(x)=60-1.20x
Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: Price- p(x)=60-1.20x demand function Cost C(x)=210+ 12x function Revenue R(x) = xp(x) = x(60- 1.20x) function where x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. All three functions have domain 1 < x < 50. Question 3 How many widgets should Jesaki Inc. produce and sell in order to maximize revenue? widgets. Round to the nearest widget. 5 pts
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