Mathematics, 18.10.2020 14:01 BeeShyanne
The price p and the quantity x sold of a certain product obey the demand equation below
x= -8p+160 0 ≤ p ≤ 20
a) Express the revenue R as a function of x
b) What is the revenue if 56 units were sold?
c) What quantity x maximizes revenue? What is the maximum revenue?
d) What price should the company charge to maximize revenue?
e) What price should the company charge to earn at least 600 in revenue?
Answers: 3
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The price p and the quantity x sold of a certain product obey the demand equation below
x= -8p+160...
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