What is the wholesale price per computer

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Reference no: EM13189224

The marketing research department for a company that manufactures and sells "notebook" computers established the following price-demand and revenue functions:
revenue functions:
p(x) = 2,000 - 60x

R(x) = xp(x)
-60x2 + 2000x

where p(x) is the wholesale price in dollars at which x thousand computers can be sold, and R(x) is in thousands of dollars. Both functions have domain 1 < x < 25.
A) Sketch a graph of the revenue function in a rectangular coordinate system.
B) Find the value of x that will produce the maximum revenue. What is the maximum revenue to the nearest thousand dollars?
C) What is the wholesale price per computer (to the nearest dollar) that produces the maximum revenue?

Reference no: EM13189224

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