Question

r=30000p-2000p^2 how do calculate the maximum revenue using calculus ??

Answer 1

Use x = -b/2a

Answer 2

b = 30000
a = -2000

Answer 3

15000

Answer 4

But we have to find y

Answer 5

\[ r \prime = 30000 -4000 p\]

Answer 6

I mean, r, not y, lol

Answer 7

30000-4000 p =0 ===>p = 7.5 ===r(7.5) = 112500

Answer 8

sorry p = 7.5

Answer 9

r = 112,500 as raheen stated

Answer 10

yes but how do you guys get 112500 i can only get it to equal 0

Answer 11

There's two ways to find it...Either use p = -b/2a

or take the derivative, set it equal to zero and solve for p. I recommend using p = -b/2a. It's easier

Answer 12

thanks

Answer 13

since the calculus metheod was required, one must solve by derivative method