Business, 21.10.2020 17:01 789944

WidgCo is a company that produces and sells widgets. Let p denote the price per widget (measured in dollars), and let x be the monthly demand for widgets. WidgCo's marketing department determines that p and x are related by the following demand equation: p(x) = 334 − 2x. The cost of producing x widgets is given by C(x) = 1,687 + 18x. Construct the revenue function, R(x). Find the production level that will result in the maximum revenue. Find the maximum monthly revenue. Enter your answer to part c in the box below. Round your answer to the nearest cent.

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WidgCo is a company that produces and sells widgets. Let p denote the price per widget (measured in...