The per unit price p (in dollars) of a popular toy when x units (in thousands) are produced is modeled by the function price=p=12-0.025x
price=p=12â0.025x
The revenue (in thousands of dollars) is the product of the price per unit and the number of units (in thousands) produced. That is,
revenue=xp=x(12-0.025x).
revenue=xp=x(12â0.025x).
How many units should be produced if the total revenue is to be $1,000,000?