The dollar price for a barrel of oil sold at a certain oil refinery tend to follow the demand equation below, where x is the number of barrels of oil on hand (in millions). a) How much should be charged for a barrel of oil if there are 3 million barrels on hand?

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anonymous · Answer

what is the equation?

anonymous · Answer

The dollar price for a barrel of oil sold at a certain oil refinery tends to follow the demand equation below, where X is the number of barrels of oil on hand (in minutes) 
P= -1/10x + 76
A) how much should be charged for a barrel of oil if there is 7 million barrels 
B) What quantity X will maximize revenue? What is the maximum revenue?
C)  What price should be charged in order to maximize revenue? 
  can you help me solve this?