Suppose the demand function for red sprockets is given by p(q)=−3q+1400 where p(q) is in dollars and q is the number of red sprockets sold. A. What is the Revenue function as a function of quantity? R(q)= . B. What is the number of red sprockets that should be produced to maximize Revenue (round your answer to two decimals)? C. What is the maximimal Revenue? (round your answer to the nearest dollar.) $
Suppose the demand function for red sprockets is given by p(q)=−3q+1400 where p(q) is in dollars and q is the number of red sprockets sold. A. What is the Revenue function as a function of quantity? R(q)= . B. What is the number of red sprockets that should be produced to maximize Revenue (round your answer to two decimals)? C. What is the maximimal Revenue? (round your answer to the nearest dollar.) $
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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Suppose the demand function for red sprockets is given by
p(q)=−3q+1400
where p(q) is in dollars and q is the number of red sprockets sold.
A. What is the Revenue function as a function of quantity?
R(q)=
. B. What is the number of red sprockets that should be produced to maximize Revenue (round your answer to two decimals)?
C. What is the maximimal Revenue? (round your answer to the nearest dollar.) $
D. What is the price per red sprocket at the maximal revenue? (round your answer to the nearest penny) $
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