document.write( "Question 31457: A manufacturer of microwave ovens believes that the revenue R, in dollars, the company receives is related to the price P, in dollars, of an oven given by the function R(P)=125P-0.25P^2. What price of an oven will give the maximun revenue?\r
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document.write( "-(b/(2a)=
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document.write( "-(125)/(2*-.25)=
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document.write( "-(125/.5)=250
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document.write( "Price of an oven=$250.00
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document.write( "This answer matches my book but my question is doesn't 250= the x coordinate of the vertex and then shouldn't I be solving for the y coordinate to get the maximum revenue? Meaning why don't I then substitute 250 for x and solve for y or am I confusing the use of the phrase \"maximum revenue\" with a maximum value of a quadratic function problem?
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Algebra.Com's Answer #18137 by stanbon(75887) ![]() You can put this solution on YOUR website! You have found the price which gives the maximum revenue. \n" ); document.write( "You were NOT asked what the maximum revenue was; \n" ); document.write( "instead you were asked what the price was that would \n" ); document.write( "give you the maximum revenue. That price is $250 \n" ); document.write( "Cheers, \n" ); document.write( "stan H. \n" ); document.write( " |