The demand function for a particular brand of LCD TV is given by p = 2870 - 35x where p is the price per unit in dollars when x television sets are sold (a) Find the revenue function. R(x) (b)...


The demand function for a particular brand of LCD TV is given by p = 2870 - 35x where p is the price per unit in dollars when x television sets are<br>sold<br>(a) Find the revenue function.<br>R(x)<br>(b) Determine the number of sets that must be sold in order to maximize the revenue<br>sets<br>(c) What is the maximum revenue?<br>$<br>(d) What is the price per unit when the revenue is maximized?<br>$<br>per unit<br>

Extracted text: The demand function for a particular brand of LCD TV is given by p = 2870 - 35x where p is the price per unit in dollars when x television sets are sold (a) Find the revenue function. R(x) (b) Determine the number of sets that must be sold in order to maximize the revenue sets (c) What is the maximum revenue? $ (d) What is the price per unit when the revenue is maximized? $ per unit

Jun 03, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here