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

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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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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