Find the revenue if 18 units are sold. Round to two decimal places.

Question

asked Aug 20, 2023 53.3k views

1 Answer

Colin Curtin · Answer 1 · 2023-08-24T15:31:33+0000

The revenue function is:

$R(x)=x\cdot p(x)$

where p(x) is given by:

$p(x)=27(5)^{(-x)/(6)}$

For x=18, you obtain for p(x):

$p(18)=27(5)^{-(18)/(6)}=27(5)^(-3)=(27)/(125)$

Then, for R(x):

$R(18)=18\cdot p(18)=18\cdot(27)/(125)\approx3.89$

Then, if 18 units are sold the revenue is approximately 3.89 dollars.