document.write( "Question 465289: Please help me to solve this problem. The demand equation for a manufacturer's product is , 0 ≤ q ≤ 80 , where q is the number of units and p is the price per unit. At what value of q will there be the maximum revenue? What is the maximum revenue? \n" );
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Algebra.Com's Answer #318843 by richard1234(7193)![]() ![]() You can put this solution on YOUR website! Assuming all the economic demand is met and q items are sold, the amount of revenue will be pq, or\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "This is a quadratic opening downward, so the maximum revenue occurs at the \"vertex\" or at q = -20/(-1/2) = 40 (also halfway between 0 and 80). The revenue will be\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " |