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We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the followin- price-demand and revenue functions: p(x) = 75-3x...

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We found that the marketing.....please solve a, b, and c

We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the followin-
price-demand and revenue functions:
p(x) = 75-3x
R(x)=xp(x) =x(75 – 3x)
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 1sxs15.
Price-demand function
Revenue function
(A) Which of the following is the graph of the revenue function?
O A.
O B.
C.
S XXXXXXXXXX
400-
-200
200
-400
 XXXXXXXXXX
 XXXXXXXXXX
(B) Find the output that will produce the maximum revenue.
million chips (Type an integer or a fraction. Simplify your answer.)
What is the maximum revenue?
million (Round to two decimal places.)
(C) What is the wholesale price per chip that produces the maximum revenue?
(Round to the nearest dollar.)
Extracted text: We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the followin- price-demand and revenue functions: p(x) = 75-3x R(x)=xp(x) =x(75 – 3x) 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 1sxs15. Price-demand function Revenue function (A) Which of the following is the graph of the revenue function? O A. O B. C. S XXXXXXXXXX 400- -200 200 -400 XXXXXXXXXX XXXXXXXXXX (B) Find the output that will produce the maximum revenue. million chips (Type an integer or a fraction. Simplify your answer.) What is the maximum revenue? million (Round to two decimal places.) (C) What is the wholesale price per chip that produces the maximum revenue? (Round to the nearest dollar.)
Answered 111 days After Jun 03, 2022

Solution

Soma answered on Sep 22 2022
65 Votes
P(x)= 75-3X ..........................Price demand function
R(X)= xp(x) = x(75-3x) ................revenue function
A) The graph represented in A) is the revenue function.
Total revenue function first increases, reached to maximum and then diminishes.
B) Total revenue will be maximum at the...
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