Question

A company's revenue (in dollars) can be modeled by the function

(will attach function in a sec!)

where p is the price in dollars of the company's product. What price (in dollars) will maximize the revenue?

Round to the nearest penny.

***Please show steps and explain! :) THanks :)

Answer 1

FUNCTION!! :)

Answer 2

hey hero :) do u get this? :)

Answer 3

what happened to the thingy u typed? :O it disappeared!

Answer 4

! :O

Answer 5

Actually, set p = -b/(2a)

Answer 6

Is this a calculus question heart? c:

Answer 7

mmk so
a= -15
b= 200
c=10,000
right??

Answer 8

it's precal/trigh @zepdrix :)

Answer 9

Yes

Answer 10

*trig

Answer 11

no, it's the site being bonkers...

Answer 12

so i plug it into the equation u gave me and i get this?
p=-200/2(-15)
=-200/-30
=6.6666666666667
so p is about = to 6.67?

Answer 13

yeah the new OS is weird :( what do u think of the new OS??
and is what i wrote above correct?? idk :/

Answer 14

I love the new subtopics c: they prolly just gotta work out some kinks

Answer 15

You have to insert the value of p you found back into the formula R(p) then evaluate

Answer 16

yeah like i probably just need to get used to it :P ugh soooo foreign tho.. i JUST got used to the OS and now i have to get used to this now :( and yeah it takes FOREVER to load now :(

Answer 17

R(6.67) = -15(6.67)^2 + 200(6.67) + 10,000

Answer 18

Ever since deleting all those I fanned, everything is working smoothly for me.

Answer 19

so i get this?
R(6.67)=-15(6.67)^2+200(6.67)+10,000
= -15(44.4889)+1334+10,000
= -667.3335 + 1334 + 10,000
= 10,666.6665
which is about 10,666.67
??? is that correct??

Answer 20

haha yeah but i didn't even fan that many people :/ like probs only fanned 20 ppl :/

Answer 21

so is that my answer???
The price that will maximize the revenue is $10,666.67.
??? @hero? is that it??? :D

Answer 22

Yeah, that looks about right.

Answer 23

awesome!! :D Thanks so much!! :)

Answer 24

@iheartfood, how many groups are you signed into?

Answer 25

what do u mean by groups?? like subjects??

Answer 26

if u are, 7 including math... is that a lot??