Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Anonymous
Anonymous asked in Education & ReferenceHomework Help · 1 decade ago

Models company revenue is R=-15p^2+300p+12000, where p is the price in dollars of the company's product.?

Models company revenue is R=-15p^2+300p+12000, where p is the price in dollars of the company's product.

1. What price will maximize revenue?

2.What is the maximum revenue?

3 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    1. 10

    2. 13,500

  • Mitch
    Lv 7
    1 decade ago

    It's pretty simple, just use the vertex formula:

    - b

    ----

    2 a

    Where:

    a = -15

    b = 300

    - 300

    ---------

    2 (-15)

    - 300

    ---------

    - 30

    Max price = 10 dollars.

    ..................

    Now, plug the max price into the equation:

    R = -15 (10)^2 + 300 (10) + 12000

    R = -15 (100) + 3000 + 12000

    R = -1500 + 3000 + 12000

    R = $13,500

    Good luck in your classes.

    The exact same question was posted a few minutes ago.

    http://answers.yahoo.com/question/index?qid=200612...

  • 1 decade ago

    10 is the max price and 13500 is the max revenue

Still have questions? Get your answers by asking now.