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Solve the Problem pp And the Quantity xx Sold of a Certain Product Obey the Demand Equation

Question 212

Multiple Choice

Solve the problem.
-The price pp and the quantity xx sold of a certain product obey the demand equation
p=14x+120,0x480.p = - \frac { 1 } { 4 } x + 120,0 \leq x \leq 480 .
What price should the company charge to maximize revenue?


A) $72\$ 72
B) $90\$ 90
C) $60\$ 60
D) $30\$ 30

Correct Answer:

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