Suppose that the selling price p of an item for the quantity x sold is given by the function p = − 1 6 x + 52 (a) Express the revenue R as a function of x . ( R = x ⋅ p ) R = (b) How many items must be sold to maximize the revenue? x = (c) What is the maximum revenue that can be obtained from this model
Suppose that the selling price p of an item for the quantity x sold is given by the function p = − 1 6 x + 52 (a) Express the revenue R as a function of x . ( R = x ⋅ p ) R = (b) How many items must be sold to maximize the revenue? x = (c) What is the maximum revenue that can be obtained from this model
Suppose that the selling price p of an item for the quantity x sold is given by the function p = − 1 6 x + 52 (a) Express the revenue R as a function of x . ( R = x ⋅ p ) R = (b) How many items must be sold to maximize the revenue? x = (c) What is the maximum revenue that can be obtained from this model
Suppose that the selling price p of an item for the quantity x sold is given by the function p = − 1 6 x + 52 (a) Express the revenue R as a function of x . ( R = x ⋅ p ) R = (b) How many items must be sold to maximize the revenue? x = (c) What is the maximum revenue that can be obtained from this model?
Expression, rule, or law that gives the relationship between an independent variable and dependent variable. Some important types of functions are injective function, surjective function, polynomial function, and inverse function.
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