Revenue. The marketing research department for a company that manufactures and sells memory chips for microcomputers established the following price–demand and revenue functions:                 where...



Revenue.
The marketing research department for a company that manufactures and sells memory chips for microcomputers established the following price–demand and revenue functions:





where() is the wholesale price in dollars at which million chips can be sold, and
() is in millions of dollars. Both functions have domain


(A) Sketch a graph of the revenue function in a rectangular coordinate system.


(B) Find the value of that will produce the maximum revenue. What is the maximum revenue?


(C) What is the wholesale price per chip that produces the maximum revenue?



Jan 08, 2022
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