Solved: The price p (in dollars) and the quantity x sold
Chapter 3, Problem 4(choose chapter or problem)
The price p (in dollars) and the quantity x sold of a certain product obey the demand equation p = - 1 3 x + 100 (a) Find a model that expresses the revenue R as a function of x. (b) What is the domain of R? (c) What is the revenue if 100 units are sold? (d) What quantity x maximizes revenue? What is the maximum revenue? (e) What price should the company charge to maximize revenue?
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