[Steps Shown] Business The manager of a bicycle shop has a demand function that, at a price (in dollars) of p(x)=150-x/4 per bicycle when x bicycles will
Question:
Business The manager of a bicycle shop has a demand function that, at a price (in dollars) of \(p(x)=150-\frac{x}{4}\) per bicycle when \(x\) bicycles will be sold.
- Find an expression for the total revenue from the of \(x\) bicycles. (Hint $:$ revenue $=$ demand \(\times\) price.
- Find the number of bicycle sales that leads to \(n\) mum revenue.
- Find the maximum revenue.
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Deliverable: Word Document 