a bolt is p cents, then x thosand bolts must be sold in a certain hardware store, where p=9-x/22.
How many bolts must be sold to maximize revenue?
Solution
The price of a bolt in terms of thousands of bolts sold x is p = 9 - x/22. The revenue earned when
1000 bolts are sold is R = x*(9 - x/22)
R = x*(9 - x/22)
=> R = x*9 - x^2/22
The expression R has to be maximized by changing x. Solve [(dR)/(dx) = 0]
=> 9 - 2x/22 = 0
=> x/11 = 9
=> x = 99
TO maximize revenue 99000 bolts should be sold..
a bolt is p cents, then x thosand bolts must be sold in a certain ha.pdf
1. a bolt is p cents, then x thosand bolts must be sold in a certain hardware store, where p=9-x/22.
How many bolts must be sold to maximize revenue?
Solution
The price of a bolt in terms of thousands of bolts sold x is p = 9 - x/22. The revenue earned when
1000 bolts are sold is R = x*(9 - x/22)
R = x*(9 - x/22)
=> R = x*9 - x^2/22
The expression R has to be maximized by changing x. Solve [(dR)/(dx) = 0]
=> 9 - 2x/22 = 0
=> x/11 = 9
=> x = 99
TO maximize revenue 99000 bolts should be sold.
![a bolt is p cents, then x thosand bolts must be sold in a certain hardware store, where p=9-x/22.
How many bolts must be sold to maximize revenue?
Solution
The price of a bolt in terms of thousands of bolts sold x is p = 9 - x/22. The revenue earned when
1000 bolts are sold is R = x*(9 - x/22)
R = x*(9 - x/22)
=> R = x*9 - x^2/22
The expression R has to be maximized by changing x. Solve [(dR)/(dx) = 0]
=> 9 - 2x/22 = 0
=> x/11 = 9
=> x = 99
TO maximize revenue 99000 bolts should be sold.](https://image.slidesharecdn.com/aboltispcentsthenxthosandboltsmustbesoldinacertainha-230402063734-5a8b2fbd/85/a-bolt-is-p-cents-then-x-thosand-bolts-must-be-sold-in-a-certain-hapdf-1-320.jpg)
