Questions: Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions: - Price-demand function: (p(x)=57-1.14 x) - Cost function: (C(x)=215+11 x) - Revenue function: (R(x)=x p(x)=x(57-1.14 x)) where (x) is in thousands of thingamabobs and (C(x)) and (R(x)) are in thousands of dollars. The price (p(x)) is the price in dollars of one thingamabob when the demand is (x) thousand thingamabobs. All three functions have domain (1 leq x leq 50)
Transcript text: Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions:
\begin{tabular}{|c|c|}
\hline$p(x)=57-1.14 x$ & \begin{tabular}{l}
Price- \\
demand \\
function
\end{tabular} \\
\hline$C(x)=215+11 x$ & \begin{tabular}{l}
Cost \\
function
\end{tabular} \\
\hline$R(x)=x p(x)=x(57-1.14 x)$ & \begin{tabular}{l}
Revenue \\
function
\end{tabular} \\
\hline
\end{tabular}
where $x$ is in thousands of thingamabobs and $C(x)$ and $R(x)$ are in thousands of dollars. The price $p(x)$ is the price in dollars of one thingamabob when the demand is $x$ thousand thingamabobs. All three functions have domain $1 \leq x \leq 50$
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