Math Problem Statement
The revenue function is given by R(x)=x⋅p(x) dollars where x is the number of units sold and p(x) is the unit price. If p(x)=35(2)^−x7 , find the revenue if 14 units are sold. Round to two decimal places.
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Exponential Functions
Revenue Calculation
Formulas
Revenue Function: R(x) = x * p(x)
Unit Price Function: p(x) = 35 * 2^(-x/7)
Theorems
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Suitable Grade Level
Grades 10-12
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