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Solve the Problem p=480xp=480-x Where p\mathrm{p} Is the Price When x\mathrm{x} Units Are Demanded

Question 10

Multiple Choice

Solve the problem.
-The demand for a certain type of modem is given by
p=480xp=480-x
Where p\mathrm{p} is the price when x\mathrm{x} units are demanded. Determine the price that will produce the maximum revenue. (Hint: First find the revenue R(x) R(x) , that would be obtained at a demand of xx ) .


A) $260\$ 260
B) $240\$ 240
C) $48\$ 48
D) $480\$ 480

Correct Answer:

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