The revenue function is given by R(x) =x*p(x) dollars where x is the number of units sold and p(x) is the unit price. If p(x)=50(5)-x/5 find the revenue if 10 u

Question

The revenue function is given by R(x) =x*p(x) dollars where x is the number of units sold and p(x) is the unit price. If p(x)=50(5)^-x/5 find the revenue if 10 units are sold. Round to two decimal places   

Answer 1

R(x) =x*p(x)

p(x)=50(5)^-x/5

 

where:

• R = Revenue in dollars
• x = the number of units sold
• p(x) = the unit price

 

For x = 10, R(x=10) = 10*50*5^-10/5 = 500*5^-2 = 500/5² = ____?