We found that the marketing research department for the company that manufactures and sells memory chips for microcomputers established the following price-demand and revenue functions PO) = 115 - 3x
Price-demand function
ROX) = X(X) = x(115-3x)
Revenue function
where pbx) is the wholesale price in dollars at which x million chips can be sold, and ROX) is in millions of dollars. Both functions have domain 1 sxs 23.
(A) Which of the following is the graph of the revenue function?
ОА.
ОВ.
Oc
-2005 5 10 15 20
200
800
1000
800
1000
600
1000
200
20-15-105
63 10 15 20
(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?
smillion (Round to two decimal places)
(C) What is the wholesale price per chip that produces the maximum revenue?
(Round to the nearest dollar)
Click to select your answer(s).
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