We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the following price-demand and revenue functions: p(x) = 115 - 4x Price-demand function Revenue function R(x)=xp(x) = x(115-4x) where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions of dollars. Both functions have domain 1 ≤x≤23. (B) Find the output that will produce the maximum revenue. 115 8 million chips (Type an integer or a fraction. Simplify your answer.) What is the maximum revenue? $ 826.56 million (Round to two decimal places.)

We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the following price-demand and revenue functions: p(x) = 115 - 4x Price-demand function Revenue function R(x)=xp(x) = x(115-4x) where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions of dollars. Both functions have domain 1 ≤x≤23. (B) Find the output that will produce the maximum revenue. 115 8 million chips (Type an integer or a fraction. Simplify your answer.) What is the maximum revenue? $ 826.56 million (Round to two decimal places.)

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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