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Mathematics 17 Online
OpenStudy (anonymous):

Please tell me if I am right or way off. Given a quantity demanded function of q = - p2 + 29 p + 10 where q represents copies of a book sold per week and p ranges from (20 < p < 30 ). Determine the price of the book that will generate the maximum revenue. R=P*Q R=p(-p^2+29p+10) R(p)=-p^3+29p^2+10p p (10+29p+-1p^2)=0 a=-1 b=29 c=10 (-29+/-(square root)29^2-4(-1)(10))/-2 p=-.340 or p=29.34 or p=0 I was also considering doing it like this. R=P*Q R=p(-p^2+29p+10) R(p)=-p^3+29p^2+10p DerivativeR(p)= -3p^2+58p+10 0= -3p^2+58p+10 X=-.1709 or x=19.5

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