[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.

  1. Find an expression for the total revenue from the of \(x\) bicycles. (Hint $:$ revenue $=$ demand \(\times\) price.
  2. Find the number of bicycle sales that leads to \(n\) mum revenue.
  3. Find the maximum revenue.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document

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