Problema Solution
When x units of a certain luxury commodity are produced, they can all be sold at a price of p thousand dollars per unit, where p=-6x+100.
a. Express the revenue R(x) as a function of x.
b. How much revenue is obtained when x=15 units are produced and sold?
Answer provided by our tutors
the formula for sales revenue is the selling price multiply by the items sold
a.
R(x) = x*p
R(x) = x*(-6x+100)
R(x) = -6x^2+100x
b.
when x = 15
R(15) = -6*15^2 + 100*15
R(15) = $150
for 15 units produced and sold the revenue is $150.