Solved: The price p (in dollars) and the quantity x sold
Chapter 3, Problem 5(choose chapter or problem)
The price p (in dollars) and the quantity x sold of a certain product obey the demand equation x = -5p + 100 0 6 p 20 (a) Express the revenue R as a function of x. (b) What is the revenue if 15 units are sold? (c) What quantity x maximizes revenue? What is the maximum revenue? (d) What price should the company charge to maximize revenue? (e) What price should the company charge to earn at least $480 in revenue?
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