The price p (in dollars) and the quantity x sold of a certain product satisfy the demand

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The price p (in dollars) and the quantity x sold of a certain product satisfy the demand equation.


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(a) Find a model that expresses the revenue R as a function of p. (Remember, R = xp.) 


(b) What is the domain of R? Assume R is nonnegative. 


(c) What price p maximizes the revenue? 


(d) What is the maximum revenue? 


(e) How many units are sold at this price? 


(f) Graph R. 


(g) What price should the company charge to earn at least $12,600 in revenue?

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Related Book For  answer-question

College Algebra

ISBN: 9780135226865

11th Edition

Authors: Michael Sullivan, Michael Sullivan III

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