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demand for a certain type of cosmetic is given by p= 540 - x, where p is the price in dollars when x units are demanded ind the revenue R(x) that would be obtained at a price p. (Hint Revenue = Demand x Price) Find the price that will produce maximum revenue. What is the maximum revenue? The revenue function that would be obtained at a price p is R(x)=| | )The parabola has its vertex at . Simplify your answer.) The price that will produce maximum revenue is $ (Simplify your answer.) (c) The maximum revenue is $ (Simplify your answer.)

demand for a certain type of cosmetic is given by p= 540 - x, where p is the price in dollars when x units are demanded ind the revenue R(x) that would be obtained at a price p. (Hint Revenue = Demand x Price) Find the price that will produce maximum revenue. What is the maximum revenue? The revenue function that would be obtained at a price p is R(x)=| | )The parabola has its vertex at . Simplify your answer.) The price that will produce maximum revenue is $ (Simplify your answer.) (c) The maximum revenue is $ (Simplify your answer.)

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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The demand for a certain type of cosmetic is given by p= 540- x, where p is the price in dollars when x units are demanded. (a) Find the revenue R(x) that would be obtained at a price p. (Hint Revenue = Demand x Price) (b) Find the price that will produce maximum revenue. (c) What is the maximum revenue? (a) The revenue function that would be obtained at a price p is R(x) = (b) The parabola has its vertex at (Simplify your answer.) The price that will produce maximum revenue is $ (Simplify your answer.) (c) The maximum revenue is (Simplify your answer.) 口 einstructio ome app
Transcribed Image Text:The demand for a certain type of cosmetic is given by p= 540- x, where p is the price in dollars when x units are demanded. (a) Find the revenue R(x) that would be obtained at a price p. (Hint Revenue = Demand x Price) (b) Find the price that will produce maximum revenue. (c) What is the maximum revenue? (a) The revenue function that would be obtained at a price p is R(x) = (b) The parabola has its vertex at (Simplify your answer.) The price that will produce maximum revenue is $ (Simplify your answer.) (c) The maximum revenue is (Simplify your answer.) 口 einstructio ome app
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