Question

The revenue function is given by R(x) = x • p(x) dollars where x is the number of units sold and p(x) is the unit price. If p(x) = 48(3), find the revenue If 6 unitsare sold, Round to two decimal places.AnswerKeypad

Answer 1

Given:

`\begin{gathered} R\left(x\right)=x* p(x) \\ \\ p(x)\text{ =48}*3^{-(x)/(6)} \end{gathered}`

where:

R = Revenue in dollars

x = the number of units sold

p(x) = the unit price

For x = 6:

`\begin{gathered} p(6)=\text{48}*3^{-(6)/(6)}\text{ } \\ p(6)\text{ = 16} \end{gathered}`
`R\text{ = 6 x 16}`

R = 96