The price p and the quantity x sold of a small flat-screen television set obeys the demand equation below. a) How much should be charged for the television set if there are 70 television rets in stock? b) What quantity x will maximize revenue? What is the maximum revenue? c) What price should be charged in order to maximize revenue? p=18x +450 a) What should be charged for the units in stock? $437.4 (Round to the nearest cent as needed.) b) What quantity will maximize the revenue? television sets

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 58SE: At a carnival, $2,914.25 in receipts were taken at the end of the day. The cost of a child's ticket...
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The price p and the quantity x sold of a small flat-screen television set obeys the demand equation below.
a) How much should be charged for the television set if there are 70 television rets in stock?
b) What quantity x will maximize revenue? What is the maximum revenue?
c) What price should be charged in order to maximize revenue?
p=18x +450
a) What should be charged for the units in stock?
$437.4 (Round to the nearest cent as needed.)
b) What quantity will maximize the revenue?
television sets
Transcribed Image Text:The price p and the quantity x sold of a small flat-screen television set obeys the demand equation below. a) How much should be charged for the television set if there are 70 television rets in stock? b) What quantity x will maximize revenue? What is the maximum revenue? c) What price should be charged in order to maximize revenue? p=18x +450 a) What should be charged for the units in stock? $437.4 (Round to the nearest cent as needed.) b) What quantity will maximize the revenue? television sets
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