x (Millions) 1 4 8 12 16 20 R(x) (Millions $) 72

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
x (Millions)
1
4
8
12
16
20
R(x) (Millions $)
72
Transcribed Image Text:x (Millions) 1 4 8 12 16 20 R(x) (Millions $) 72
Use the price-demand
p(x) = 75-3x
function below, to answer parts (A), (B), and (C).
1 ≤x≤20
Transcribed Image Text:Use the price-demand p(x) = 75-3x function below, to answer parts (A), (B), and (C). 1 ≤x≤20
Expert Solution
Step 1

Solution :px=75-3x1x20Rx=px×xRx=75-3xxNow,R1=75-3=72R4=75-3×44=252R8=75-3×88=408R12=75-3×1212=468

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