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The expression for the total revenue from x thousand sales is 155,000x - 100x².
The value of x is 775 cents and the maximum revenue is $60,062,500.
First, come up with an expression for total revenue from x thousand sales:
= (155 - x /10 ) × x × 1,000 units
= 155,000x - 100x²
The value of x would then be:
Derive the function from the total revenue function to give:
0 = 155,000 - 200x
x = 775 cents
The maximum revenue is therefore:
= 155,000(775) - 100(775)²
= $60,062,500
Find out more on finding the maximum revenue at https://brainly.com/question/11829776.
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