The price p and the quantity x sold of a certain product obey the demand equation below
Fantastic news! We've Found the answer you've been seeking!
Question:
The price p and the quantity x sold of a certain product obey the demand equation below x =-2 p + 52; 0 <= p <= 30
(a) Express the revenue R as a function of x (R = xp).
(b) What is the revenue if 38 units are sold?
(c)What quantity x maximizes revenue?
(d) What is the maximum revenue?
(e) What price should the company charge to maximize revenue?
Related Book For
Posted Date: