A company manufacturing memory chips has established the following price-demand
hello all, I am new to the forum, can someone help me with this question please?
A company manufacturing memory chips has established the following price-demand
and revenue functions:
p(x) = 80 - 4x
R(x) = xp(x) = x(80 - 4x)
where p(x) is the wholesale price in euros at which x million chips can be sold and
R(x) is in millions of euros. Find the output that will yield the maximum revenue.
What is the wholesale price per chip that produces the maximum revenue?