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)=34(
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Answer:
Step-by-step explanation:
We have the exponential function of the form:
And it goes through the points (0, 13) and (3, 832).
Hence, when we substitute in 0 for x, we should get 13 for y. Therefore:
Since anything to the zeroth power is 1, this yields:
So, we determined that the value of a is 13.
So, our function is now:
We will need to determine b. We know that y equals 832 when x is 3. Hence:
Divide both sides by 13:
Take the cube root of both sides:
Hence, our b value is 4.
Therefore, our entire equation is: