Question

The total revenues R(in thousands of dollars) earned from manufacturing and selling hand-held video games is given by R(p)=-25p^2+1200p, where p is the price per unit(in dollars). What is the unit price that will yield maximum revenue?

Answer 1

aha!! derivatives in action.... maybe :)

Answer 2

Anwar can get this right?

Answer 3

hmm....or I can lol

Answer 4

I see my name :P

Answer 5

R' = -50p +1200 = 0

p = 1200/50 = 120/5 = 24

when the price is at 24 you get a maximum yeild in revenue.... i need a double check on that ;)

Answer 6

I am sure that you can

Answer 7

we could also have gone with the quad formulas -b/2a to find the center of the hump...

-1200/-50 = same results

Answer 8

thanks guys..

Answer 9

youre welcome :)