Homework Help is Here – Start Your Trial Now!
Math
Calculus
We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the follówing price-demand and revenue functions: P(x) = 115 - 4x Price-demand function R(x) = xp(x) = x(115 - 4x) Revenue function where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions of dollars. Both functions have domain 1sxs23. ... 0- -200 800 -400- 600- -600- 400- -800- 200- 0+ 0 5 10 15 20 -20 -15 -10 -5 0 (B) Find the output that will produce the maximum revenue. 115 million chips (Type an integer or a fraction. Simplify your answer.) 8 What is the maximum revenue? $ 826.56 million (Round to two decimal places.) (C) What is the wholesale price per chip that produces the maximum revenue? (Round to the nearest dollar.)

We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the follówing price-demand and revenue functions: P(x) = 115 - 4x Price-demand function R(x) = xp(x) = x(115 - 4x) Revenue function where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions of dollars. Both functions have domain 1sxs23. ... 0- -200 800 -400- 600- -600- 400- -800- 200- 0+ 0 5 10 15 20 -20 -15 -10 -5 0 (B) Find the output that will produce the maximum revenue. 115 million chips (Type an integer or a fraction. Simplify your answer.) 8 What is the maximum revenue? $ 826.56 million (Round to two decimal places.) (C) What is the wholesale price per chip that produces the maximum revenue? (Round to the nearest dollar.)

Calculus: Early Transcendentals
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...
See similar textbooks
icon
Related questions
Question

I am having trouble with the final question. Can you please explain and answer? Thank you :)

We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the following price-demand and revenue functions: p(x) = 115 - 4x Price-demand function R(x) = xp(x) = x(115 – 4x) Revenue function where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions of dollars. Both functions have domain 13xs23. 0- 800- 800 -200- 600- -400- 400- -600 200- 200 -800- 5 10 15 20 -20 -15 -10 -5 0 (B) Find the output that will produce the maximum revenue. 115 million chips (Type an integer or a fraction. Simplify your answer.) What is the maximum revenue? $ 826.56 million (Round to two decimal places.) (C) What is the wholesale price per chip that produces the maximum revenue? (Round to the nearest dollar.)
Transcribed Image Text:We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the following price-demand and revenue functions: p(x) = 115 - 4x Price-demand function R(x) = xp(x) = x(115 – 4x) Revenue function where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions of dollars. Both functions have domain 13xs23. 0- 800- 800 -200- 600- -400- 400- -600 200- 200 -800- 5 10 15 20 -20 -15 -10 -5 0 (B) Find the output that will produce the maximum revenue. 115 million chips (Type an integer or a fraction. Simplify your answer.) What is the maximum revenue? $ 826.56 million (Round to two decimal places.) (C) What is the wholesale price per chip that produces the maximum revenue? (Round to the nearest dollar.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS