Simply explain and show work on the solved answers to this question. (underline = solved) The price p (in dollars) and the quantity x sold of a certain product obey the demand equation p= - 1/7x+200 A. (solve for P) R(x) = -1/7x^2+200x B. What is the domain of R? The domain is {x | 0 less than or greater to x less than 1400} C. What is the revenue if 300 units are sold? R = $ 47,142.86 D. What quantity x maximizes revenue? and Maximum revenue? x = 700 units R=$ 70000 E. What price should the company charge to maximize revenue? p = $100
Simply explain and show work on the solved answers to this question. (underline = solved) The price p (in dollars) and the quantity x sold of a certain product obey the demand equation p= - 1/7x+200 A. (solve for P) R(x) = -1/7x^2+200x B. What is the domain of R? The domain is {x | 0 less than or greater to x less than 1400} C. What is the revenue if 300 units are sold? R = $ 47,142.86 D. What quantity x maximizes revenue? and Maximum revenue? x = 700 units R=$ 70000 E. What price should the company charge to maximize revenue? p = $100
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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Simply explain and show work on the solved answers to this question. (underline = solved)
The price p (in dollars) and the quantity x sold of a certain product obey the demand equation p= - 1/7x+200
A. (solve for P) R(x) = -1/7x^2+200x
B. What is the domain of R?
The domain is {x | 0 less than or greater to x less than 1400}
C. What is the revenue if 300 units are sold?
R = $ 47,142.86
D. What quantity x maximizes revenue? and Maximum revenue?
x = 700 units R=$ 70000
E. What price should the company charge to maximize revenue?
p = $100
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