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The price p and the quantity x sold of a certain product obey the demand equation below.
 
x equals negative 4 p plus 88 comma 0 less than or equals p less than or equals 30x=−4p+88,     0≤p≤30
 
(a)
Express the revenue R as a function of x.
(b)
What is the revenue if
6464
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
$288288
in revenue?
    • 9 years ago
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    Prof. Kellyralph
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    Srijanyya Iyer
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