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Solve the Problem p=14x+120,0x480p = - \frac { 1 } { 4 } x + 120 , \quad 0 \leq x \leq 480

Question 282

Multiple Choice

Solve the problem.
-The price p and the quantity x sold of a certain product obey the demand equation p=14x+120,0x480p = - \frac { 1 } { 4 } x + 120 , \quad 0 \leq x \leq 480 What price should the company charge to maximize revenue?


A) $72
B) $90
C) $60
D) $30

Correct Answer:

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