0-6. Research shows that the demand function for a new product is dx)=- 5x + 18, where x represents the number of items in thousands and d represents the item price in S.The cost function is C(x) = 2x +9. a State the Revenue function R(x) b. Find the corresponding Profit function P). [1 How many items must be sold to maximize profit?12

ENGR.ECONOMIC ANALYSIS
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0-6. Research shows that the demand function for a new product is d(x) = - 5x + 18, where x represents
the number of items in thousands and d represents the item price in S. The cost function is C(x) = 2x + 9.
a. State the Revenue function R(X)
b. Find the corresponding Profit function P(). [1
c. How many items must be sold to maximize profit? 12
Transcribed Image Text:0-6. Research shows that the demand function for a new product is d(x) = - 5x + 18, where x represents the number of items in thousands and d represents the item price in S. The cost function is C(x) = 2x + 9. a. State the Revenue function R(X) b. Find the corresponding Profit function P(). [1 c. How many items must be sold to maximize profit? 12
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