An artist is planning to sell signed prints of her latest work. If 50 prints are offered for sale, she can charge $550 each. However, if she makes more than 50 prints, she must lower the price by $5 for each print in excess of the 50. 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 50 prints are offered for sale, she can charge $550 each. However, if she makes more than 50 prints, she must lower the price by $5 for each print in excess of the 50. 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) =.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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