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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?
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aha!! derivatives in action.... maybe :)
Anwar can get this right?
hmm....or I can lol
I see my name :P
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 ;)
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I am sure that you can
we could also have gone with the quad formulas -b/2a to find the center of the hump... -1200/-50 = same results
thanks guys..
youre welcome :)
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