Respuesta :
992 candy bars must be sold to maximize revenue.
What is revenue?
- The total amount of income generated by the sale of goods and services related to the primary operations of the business is referred to as revenue in accounting.
- Commercial revenue is also known as sales or turnover.
- Some businesses make money by charging interest, royalties, or other fees.
To find how many candy bars must be sold to maximize revenue:
The price of a candy bar is determined by the quantity sold:
- p(x) = 124 - (x/16) where x is in 1000s.
If the candy bar's price is p(x), the revenue function is:
- R(x) = p(x) · x = 124 · x - x²/16
Find the solution of R'(x) = 0 to maximize R(x):
- R'(x) = 124 - x/8
- 124 - x/8 = 0
- x = 992
Therefore, 992 candy bars must be sold to maximize revenue.
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The correct question is given below:
If the price of a candy bar is p(x) cents then x thousand candy bars are sold. The price p(x) = 124-(x/16). How many candy bars must be sold to maximize revenue?
