Essay
Solve the problem.
-The price and , the quantity of a certain product sold, obey the demand equation
a) Express the revenue R as a function of x.
b) What is the revenue if 450 units are sold?
c) Graph the revenue function using a graphing utility.
d) What quantity x maximizes revenue? What is the maximum revenue?
e) What price should the company charge to maximize revenue?
Correct Answer:

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a.
b. R(450) = $24,...View Answer
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Correct Answer:
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b. R(450) = $24,...
View Answer
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