Solve the Problem $p$ And $x$ , the Quantity of a Certain Product Sold, Obey the Quantity

question 194

Essay

Solve the problem.
-The price $p$ and $x$ , the quantity of a certain product sold, obey the demand equation
$p = - \frac { 1 } { 10 } x + 100 , \{ x \mid 0 \leq x \leq 1000 \}$
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?

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Definitions:

Personal Values

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Levels of Analysis

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Overly High Expectations

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