The price p (in dollars) and the quantity x sold of a certain product obey the demand
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) 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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a b The quantity sold price cannot be nega...View the full answer
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