Mathematics, 19.02.2021 16:30 vtrvfrfvrvfvnkjrf
We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the following price-demand and revenue functions.
p(x) = 110 - 3x Price demand function
R(x) = xp(x) = x(110 - 3x) Revenue demand function
Where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions of dollars. Both Functions have domain.
a. Find the output that will produce the most revenue.
b. What is the maximum revenue?
c. What is the wholesale price per chip that produces the maximum revenue?
Answers: 2
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We found that the marketing research department for the company that manufactures and sells memory c...
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