Math  /  Algebra

QuestionThe price pp (in dollars) and the quantity xx sold of a certain product satisfy the demand equation x=7p+700x=-7 p+700. Answer parts (a) through (g). (い) villat pile μ\mu maximizes ieverlue? p=$50p=\$ 50 (Simplify your answer. Type an integer or a decimal.) (d) What is the maximum revenue? R=$17500R=\$ 17500 (Simplify your answer. Type an integer or a decimal.) (e) How many units are sold at this price? x=350x=350 (Simplify your answer. Type an integer or a decimal.) (f) Graph R. Choose the correct graph below. A. B. C. D.

Studdy Solution
The price that maximizes revenue is $\$ **50**.
The maximum revenue is $\$ **17500**.
At this price, **350** units are sold.

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