Business The monthly revenue R achieved by selling x wristwatches is figured to be The
Chapter 4, Problem 79(choose chapter or problem)
Business The monthly revenue R achieved by selling x wristwatches is figured to be The monthly cost C of selling x wristwatches is (a) How many wristwatches must the firm sell to maximize revenue? What is the maximum revenue? (b) Profit is given as What is the profit function? (c) How many wristwatches must the firm sell to maximize profit? What is the maximum profit? (d) Provide a reasonable explanation as to why the answers found in parts (a) and (c) differ. Explain why a quadratic function is a reasonable model for revenue.
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