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13.03.2020 •
Mathematics
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 )equals 105 minus 4 xp(x)=105−4x Price-demand function Upper R (x )equals xp (x )equals x (105 minus 4 x )R(x)=xp(x)=x(105−4x) Revenue function 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 less than or equals x less than or equals 211≤x≤21.A) Find the output that will produce the most revenue.
B) What is the maximum revenue?
C) What is the wholesale price per chip that produces the maximum revenue?
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