Mathematics

Mathematics

Problem

55. Determining Revenue The per unit price pp (in dollars) of a popular toy when xx units (in thousands) are produced is modeled by the function  price =p=12−0.025x\text { price }=p=12-0.025 x The revenue (in thousands of dollars) is the product of the price per unit and the number of units (in thousands) produced. That is,  revenue =xp=x(12−0.025x)\text { revenue }=x p=x(12-0.025 x) (a) State the dimensions of a viewing window that shows a graph of the revenue model for producing 0 to 100,000 units. (b) How many units should be produced if the total revenue is to be 1,000,000$ ?

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