SOLUTION: The total revenue R earned (in thousands of dollars) from manufacturing handheld video game systems is given by
R(p) = −22p2 + 1,100p,
where p is the price per unit (in dolla
Algebra.Com
Question 1202989: The total revenue R earned (in thousands of dollars) from manufacturing handheld video game systems is given by
R(p) = −22p2 + 1,100p,
where p is the price per unit (in dollars). Find the unit price (in dollars) that yields a maximum revenue.
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
Note: Use "^" (shift-6) to denote exponentiation: R(p)=-22p^2+1100p
The function is quadratic; its graph is a parabola opening down.
The maximum value of a quadratic ax^2+bx+c with negative leading coefficient is when x = -b/(2a). In this example,
ANSWER: The unit price that maximizes revenue is $25.
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