Ask your own question, for FREE!
Mathematics 17 Online
777777:

Let the charge per cup of coffee be x $ . Then, the number of cups that will be sold is 1600 + 50 × 2.40 − x 0.05 = 1600 + ( 2400 − 1000 x ) = 4000 − 1000 x Thus, the revenue will be x ( 4000 − 1000 x ) $ = 1000 x ( 4 − x ) $ . In order to maximize revenue, we need to maximize the quantity x ( 4 − x ) . While one can use calculus and equate the first derivative to zero to solve the problem, I personally favor the algebraic approach: x ( 4 − x ) = − ( x 2 − 4 x ) = 4 − ( x 2 − 4 x + 4 ) = 4 − ( x − 2 ) 2 Since a perfect square can never be negative, the largest value x ( 4 − x ) can attain is 4, and this value is attained for x = 2 . At the rate of 2 $ , the student center will sell 2000 cups of coffee, maximizing its revenue at 4000 $ up 160 $ from the revenue it is posting now.

jhonyy9:

do you can post an ss please about your problem ? maybe more easy understandably

Extrinix:

Wait a second.

Extrinix:

There's no question here.

Extrinix:

It's just stating how they solved it, no question to solve for.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!