Question

A sales team estimates that the number of new phones will sell is a function of the price that it sets. It estimates that if it sets the price at x dollars, it will sell f(x)=3,776-4x phones. Therefore, the company's revenues is x*(3776-4x).

Answer 1

Revenue = 3,776x-4x^2

Explanation:

Revenue is given by = price of product * no. of units of product sold.

Given

price of 1 phone = $x

No. of phone sold = 3,776-4x

Revenue = price of 1 phone*No. of phone sold = x*(3,776-4x)

= 3,776x-4x^2

Thus, given statement is true.