Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: p(x) = 60 - 1.20x C(x) = 210 + 12x R(x) = xp(x) = x(60 - 1.20x) Revenue function where x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one widget when the demand is a thousand widgets. All three functions have domain 1 ≤ x ≤ 50. Price-demand function Cost function

Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: p(x) = 60 - 1.20x C(x) = 210 + 12x R(x) = xp(x) = x(60 - 1.20x) Revenue function where x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one widget when the demand is a thousand widgets. All three functions have domain 1 ≤ x ≤ 50. Price-demand function Cost function

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

Widget Sales
Jesaki Inc. is trying to enter the widget market. The research department established the following
price-demand, cost, and revenue functions:
p(x) = 60 - 1.20x
C(x) = 210 + 12x
Cost function
|R(x) = xp(x) = x(60 - 1.20x) Revenue function
Price-demand function
where a is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(x)
is the price in dollars of one widget when the demand is a thousand widgets. All three functions
have domain 1 ≤ x ≤ 50.

How many widgets should Jesaki Inc. produce and sell in order to maximize revenue?
widgets. Round to the nearest widget.

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