Question: The price p (in dollars) and the quantity x sold of a certain product obey the demand equation P = 1/6 x + 100 (a)

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

P = 1/6 x + 100

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

(b) What is the domain of R?

(c) What is the revenue if 200 units are sold?

(d) What quantity x maximizes revenue? What is the maximum revenue?

(e) What price should the company charge to maximize revenue?

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