I have been working on it, and i realized what i have done wrong. for the cost, i think the equations would be p(x)=4X and p(x)=5X, and the revenue equations would be p(x)=100+4x and p(x)=100+5X, from there i can get the maximum revenue...?
Homework Statement
JNK Inc. has asked you to perform an analysis of their widget manufacturing business. by completing a marketing survey, JNK inc. was able to determine that by selling their widgets for 4 dollars instead of 5 dollars they were able to sell 120 widgets instead of 100...