Author Question: The price p and x, the quantity of a certain product sold, obey the demand ... (Read 113 times)

kfurse · **on:** Feb 28, 2021

Question 1

Solve the problem.

The price p and the quantity x sold of a certain product obey the demand equation:

What is the revenue to the nearest dollar when 600 units are sold?
◦ $10,000
◦ $8571
◦ $130,000
◦ $111,429

Question 2

Solve the problem.

The price p and x, the quantity of a certain product sold, obey the demand equation
p = -

x + 100, {x|0 ≤ x ≤ 1000}
a) Express the revenue R as a function of x.
b) What is the revenue if 450 units are sold?
c) Graph the revenue function using a graphing utility.
d) What quantity x maximizes revenue? What is the maximum revenue?
e) What price should the company charge to maximize revenue?

ilianabrrr · **Reply #1 on:** Feb 28, 2021

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