Question

Given R(x) = x(4,000 - 58x) and C(x) = 3,000 + 400x where x is thousands of computers, and

Cost and Revenue are in thousands of dollars. 1 Find the price-demand equation

Answer 1

Explanation:

Revenue = demand × price, so the price-demand function is:

p(x) = R(x) / x

p(x) = 4000 − 58x