Do C. We found that the marketing research department tor the company that manuf

Question

Do C.

We found that the marketing research department tor the company that manufactures and sells memory chips for microcomputers established the following price-demand and revenue functions: p(x) = 90 - 3x Price-demand function R(x) = xp(x) = x(90 - 3x) Revenue function where p(x) is the wholesale price in dollars at which x million chips can be sold, and R(x) is in millions o dollars. Both functions have domain 15 million chips (Type an integer or a fraction. Simplify your answer.) What is the maximum revenue? $675 million (Round to two decimal places.) What is the wholesale price per chip that produces the maximum revenue? (Round to the nearest dollar.)

Explanation / Answer

p(x) = 90 - 3*15 = 90 - 45 = $45

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