Price–demand. Analysts for an electronics company determined that the price–demand function for its 60–inch LED televisions is
p(x) = 1275 – 25x, ≤ 1
where p is the wholesale price per TV in dollars and x, in thousands, is the number of TVs that can be sold.
a. Find and interpret p (5),p (15), and p (30).
b. Sketch the graph of y = p (x).
c. Solve the equation p (x) = 650 and interpret your result.
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