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14 April, 16:11

f the price charged for a candy bar is p (x) cents, where p (x) equals 162 minus StartFraction x Over 10 EndFraction , then x thousand candy bars will be sold in a certain city.

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  1. 14 April, 19:05
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    a. 1620-x^2

    b. x=810

    c. Maximum value revenue=$656,100

    Step-by-step explanation:

    (a) Total revenue from sale of x thousand candy bars

    P (x) = 162 - x/10

    Price of a candy bar=p (x) / 100 in dollars

    1000 candy bars will be sold for

    =1000*p (x) / 100

    =10*p (x)

    x thousand candy bars will be

    Revenue=price * quantity

    =10p (x) * x

    =10 (162-x/10) * x

    =10 (1620-x/10) * x

    =1620-x * x

    =1620x-x^2

    R (x) = 1620x-x^2

    (b) Value of x that leads to maximum revenue

    R (x) = 1620x-x^2

    R' (x) = 1620-2x

    If R' (x) = 0

    Then,

    1620-2x=0

    1620=2x

    Divide both sides by 2

    810=x

    x=810

    (C) find the maximum revenue

    R (x) = 1620x-x^2

    R (810) = 1620x-x^2

    =1620 (810) - 810^2

    =1,312,200-656,100

    =$656,100
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