Suppose that the price per unit in dollars of a cell phone production is modeled by p = $45 − 0.0125x, where x is in thousands of phones produced, and the revenue represented by thousands of dollars is R = x ⋅ p. Find the production level that will maximize revenue.

A soccer stadium holds 62,000 spectators. With a ticket price of $11, the average attendance has been 26,000. When the price dropped to $9, the average attendance rose to 31,000. Assuming that attendance is linearly related to ticket price, what ticket price would maximize revenue?

The revenue function of a fictional cable company can be modeled by the polynomial function:

R(t) = −0.037t4 + 1.414t3 − 19.777t2 + 118.696t − 205.332

where R represents the revenue in millions of dollars and t represents the year, with t = 1 corresponding to 2001. Using MS-Excel, create a graph of the Revenue Function and determine over which intervals is the revenue for the company increasing? Over which intervals is the revenue for the company decreasing?

Best and trusted Tutors , Cheap Assignment Help USA, Reliable Homework Helo