Math 1325
Applications of Extrema
Please review the instructions on the last page before beginning this assignment.
The marketing research department for a computer company used a large city to test market their new computer. They found that the relationship between the price p (dollars per unit) and the demand x (units per week) for the new computer was given approximately by the equation .
1. Explain, in writing, how to find a formula for the total revenue function if given the unit price p and number of units sold x. Find the formula for the total revenue from the sale of x units of the new computer.
2. Explain, in writing, how you would determine the maximum revenue if given a total revenue function. Find the number of computers that must be sold in order to maximize the revenue formula in #1.
3. Find the maximum revenue for the number of computers found in #2. Briefly explain your result.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here