An artist is planning to sell signed prints of her latest work. If 40 prints are offered for sale, she can charge $600 each. However, if she makes more than 40 prints, she must lower the price by $5 for each print in excess of the 40. How many prints should the artist make to maximize her revenue? Let x be the number of prints and p the price per print. The demand equation is p= and the revenue function is R(x) =.
An artist is planning to sell signed prints of her latest work. If 40 prints are offered for sale, she can charge $600 each. However, if she makes more than 40 prints, she must lower the price by $5 for each print in excess of the 40. How many prints should the artist make to maximize her revenue? Let x be the number of prints and p the price per print. The demand equation is p= and the revenue function is R(x) =.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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Transcribed Image Text:An artist is planning to sell signed prints of her latest work. If 40 prints are offered for sale, she can charge $600 each. However, if she makes more than 40 prints, she
must lower the price by $5 for each print in excess of the 40. How many prints should the artist make to maximize her revenue?
Let x be the number of prints and p the price per print. The demand equation is p%3D
and the revenue function is R(x) =.
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