SOLUTION: Tropical pods sells an above ground model for p dollars each. The monthly revenue for this model is given by the formula. R(p)=-0.08p^2+300p
Revenue is the product of the price
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Question 176912: Tropical pods sells an above ground model for p dollars each. The monthly revenue for this model is given by the formula. R(p)=-0.08p^2+300p
Revenue is the product of the price p and the demand (quality sold).
A). Factor out the price on the right hand side of the formula
B). Write a formula D(p) for the monthly demand.
C). Find D(3000)
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The monthly revenue for this model is given by the formula. R(p)=-0.08p^2+300p
Revenue is the product of the price p and the demand (quality sold).
A). Factor out the price on the right hand side of the formula
R(p) = p(-0.08p + 300)
------------------------------
B). Write a formula D(p) for the monthly demand.
D(p) = -0.08p + 300
------------------------------
C). Find D(3000)
D(3000) = -0.08*3000 + 300
= 60
==================================
Cheers,
Stan H.
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