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

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

x = -20p + 500 0 < p ≤ 25

(a) Express the revenue R as a function of x.

(b) What is the revenue if 20 units are 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 $3000 in revenue?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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