Question

Me & my classmate really need help on this question:

The John Deere company has found that the revenue from sales of heavy-duty tractors is a function of the unit price p that it charges. The revenue R is given by the following function.


R(p)= (-1/2)p^2+1520p

What unit price p should be charged to maximize revenue? Give your answer correct to the nearest dollar.

Answer 1

max at
\[\frac{-b}{2a}\] in this case you get
\[\frac{1520}{1}=1520\]

Answer 2

Also, What is the maximum revenue? Give your answer correct to the nearest dollar

Answer 3

plug 1520 into the revenue function

Answer 4

ohh ok thanks