Question: The demand function for a new DVD iswhere p ( x ) = -2.5x+ 17.5 where p(x) represents the selling price, in thousands of dollars,
The demand function for a new DVD iswherep(x) = -2.5x+ 17.5 where p(x) represents the selling price, in thousands of dollars, andxis the number of DVDs sold, in thousands.
a) Determine the revenue function.
b) Determine the maximum revenue.
c) Determine the number of DVDs that need to be sold to reach the maximum revenue.
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