document.write( "Question 188911: The marketing department at the John Deere company has found that the revenue from the sales of heavy-duty tractors is a function of the unit price, p, in dollars If the revenue, R is given by
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document.write( "R(p) = - p2 + 1900p\r
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document.write( "What unit price should be established in order to maximize revenue? (use the vertex formula.) \n" );
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Algebra.Com's Answer #141815 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The x-coordinate of the vertex of a parabola whose equation is in the form:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "is given by:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "For your given function,\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "a = -1 and b = 1900, so:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Hence the unit price to maximize revenue is $950. Less than a thousand dollars for a new heavy duty John Deere tractor? Is someone nuts? Fire the marketing guy who came up with that revenue function.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "giving a max revenue price of $95,000 - that I might believe.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "John \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |