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Precalculus: Graphical, Numerical, Algebraic | 8th Edition | ISBN: 9780321656933 | Authors: Franklin Demana, Bert K. Waits, Gregory D. Foley, Daniel Kennedy, Dave Bock
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Determining Revenue The per unit price p (in dollars) of a

Chapter 2, Problem 2.1.1.65

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QUESTION:

Determining Revenue The per unit price p (in dollars) of a popular toy when x units (in thousands) are produced is modeled by the function

price = p = 12 - 0.025x.

The revenue (in thousands of dollars) is the product of the price per unit and the number of units (in thousands) produced. That is,

revenue = xp = x(12 - 0.025x).

(a) State the dimensions of a viewing window that shows a graph of the revenue model for producing 0 to 100,000 units.

(b) How many units should be produced if the total revenue is to be $1,000,000?

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QUESTION:

Determining Revenue The per unit price p (in dollars) of a popular toy when x units (in thousands) are produced is modeled by the function

price = p = 12 - 0.025x.

The revenue (in thousands of dollars) is the product of the price per unit and the number of units (in thousands) produced. That is,

revenue = xp = x(12 - 0.025x).

(a) State the dimensions of a viewing window that shows a graph of the revenue model for producing 0 to 100,000 units.

(b) How many units should be produced if the total revenue is to be $1,000,000?

ANSWER:

Step 1 of 3

The per unit price  P(in dollars) of a popular toy when   units (in thousands) are produced is modeled  by the function,

And

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