Marketing estimates that at a price of p dollars, it can sell
q = 300,000 − 15,000p
copies, but each copy costs $4 to make. What price will give the greatest profit?
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OpenStudy (anonymous):
plz someone give mean answer
jimthompson5910 (jim_thompson5910):
What is the revenue function?
OpenStudy (anonymous):
300000 minus 15000 p
jimthompson5910 (jim_thompson5910):
that's q
jimthompson5910 (jim_thompson5910):
I want to know R
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jimthompson5910 (jim_thompson5910):
R = q*p
OpenStudy (anonymous):
thats all it gave me
jimthompson5910 (jim_thompson5910):
you plug in what they give you for q
OpenStudy (anonymous):
so 4?
jimthompson5910 (jim_thompson5910):
no where it says q =
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OpenStudy (anonymous):
Hercules Films is deciding on the price of the video release of its film Bride of the Son of Frankenstein. Marketing estimates that at a price of p dollars, it can sell
q = 300,000 − 15,000p
copies, but each copy costs $4 to make. What price will give the greatest profit? this is all it gave me
OpenStudy (anonymous):
???? is a minus
jimthompson5910 (jim_thompson5910):
yeah you already posted that
jimthompson5910 (jim_thompson5910):
you need to find R given q and p
jimthompson5910 (jim_thompson5910):
R = q*p
R = ???
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OpenStudy (anonymous):
240000?
jimthompson5910 (jim_thompson5910):
q = 300,000 - 15,000p
jimthompson5910 (jim_thompson5910):
R = q*p
R = (300,000 - 15,000p)*p
expand it out and tell me what you get
OpenStudy (anonymous):
60000
jimthompson5910 (jim_thompson5910):
no
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jimthompson5910 (jim_thompson5910):
you should get a quadratic
OpenStudy (anonymous):
how do i need to find a derivative or something?
OpenStudy (anonymous):
can you give me A STEP BY STEP WAY OF ANSWERING THIS PROBLEM IM SO CONFUSED
jimthompson5910 (jim_thompson5910):
is this a calc class?
OpenStudy (anonymous):
yes
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OpenStudy (anonymous):
@jim_thompson5910
jimthompson5910 (jim_thompson5910):
what do you get when you distribute (x+y)z
OpenStudy (anonymous):
what does that mean?
jimthompson5910 (jim_thompson5910):
it's connected with R = (300,000 - 15,000p)*p
jimthompson5910 (jim_thompson5910):
I'm basically asking you to distribute the p through in R = (300,000 - 15,000p)*p