SOLUTION: Find the number of units that produces a maximum revenue for
R = 800x - 0.01x^2
where R is the total revenue (in dollars) for a cosmetics company and x is the number of unit
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Question 4788: Find the number of units that produces a maximum revenue for
R = 800x - 0.01x^2
where R is the total revenue (in dollars) for a cosmetics company and x is the number of units produced.
Answer by rapaljer(4671) (Show Source): You can put this solution on YOUR website!
This equation represents a parabola that opens downward, so the vertex of the parabola will be the point at which maximum revenue occurs. As in the last question that I posted, the vertex occurs at x = , where a = coefficient of and b = coefficient of x. In this case a= -0.01 and b= 800.
Maximum revenue occurs at = 40,000 units.
To find the maximum revenue, substitute x= 40,000 into the original equation for R and it turns out that or $16,000,000.
R^2 at SCC
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