Suppose that the selling price p of an item for the quantity x sold is given by the function 1 -x + 36 10 Ca) Express the revenue R as a function of x. ( R = x·p) R = %3D b) How many items must be sold to maximize the revenu? (c) What is the maximum revenue that can be obtained from this model?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter3: Functions
Section3.3: More On Functions; Piecewise-defined Functions
Problem 88E
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Suppose that the selling pricep of an item for the
quantity x sold is given by the function
1
-x + 36
10
p =
-
(a) Express the revenue R as a function of x. (
R = x · p)
R
(b) How many items must be sold to maximize the
revenu?
x =
(c) What is the maximum revenue that can be
obtained from this model?
$
Transcribed Image Text:Suppose that the selling pricep of an item for the quantity x sold is given by the function 1 -x + 36 10 p = - (a) Express the revenue R as a function of x. ( R = x · p) R (b) How many items must be sold to maximize the revenu? x = (c) What is the maximum revenue that can be obtained from this model? $
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