70. Revenue. The marketing research department for a company that manufactures and sells notebook computers established the following price-demand and revenue functions: p(x) = 2,000 - 60x R(x) = xp(x) = x(2,000 - 60x) Price-demand function Revenue function where p(x) is the wholesale price in dollars at which x thousand computers can be sold, and R(x) is in thousands of dollars. Both functions have domain 1 ≤ x ≤ 25. (A) Sketch a graph of the revenue function in a rectangular coordinate system. (B) Find the value of x that will produce the maximum revenue. What is the maximum revenue to the nearest thousand dollars? (C) What is the wholesale price per computer (to the nearest dollar) that produces the maximum revenue?
70. Revenue. The marketing research department for a company that manufactures and sells notebook computers established the following price-demand and revenue functions: p(x) = 2,000 - 60x R(x) = xp(x) = x(2,000 - 60x) Price-demand function Revenue function where p(x) is the wholesale price in dollars at which x thousand computers can be sold, and R(x) is in thousands of dollars. Both functions have domain 1 ≤ x ≤ 25. (A) Sketch a graph of the revenue function in a rectangular coordinate system. (B) Find the value of x that will produce the maximum revenue. What is the maximum revenue to the nearest thousand dollars? (C) What is the wholesale price per computer (to the nearest dollar) that produces the maximum revenue?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
Related questions
Question
100%
Please help with #70
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 6 images
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,