The price p (in dollars) and quantity x sold of the certain product obey demand equation p= (-1/10)x+1000. SHOW WORK Pls.
a. Write down equation which expresses revenue R as the function of x.
b. Find the revenue if 400 units are sold?
c. Determine quantity x maximizes revenue?
d. Determine the maximum revenue?
e. Determine price must company charge to maximize revenue?