The price p and the quantity x sold of a certain product obey the demand equation below.
x equals negative 4 p plus 88 comma 0 less than or equals p less than or equals 30x=−4p+88, 0≤p≤30
Express the revenue R as a function of x.
What is the revenue if
units are sold?
What quantity x maximizes revenue? What is the maximum revenue?
What price should the company charge to maximize revenue?
What price should the company charge to earn at least