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

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  • 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

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