document.write( "Question 767975: Demand Equation The price (in dollars) and the quantity x sold of a certain product obey the demand equation p= -1/10x+150, 0≤x≤1500\r
\n" );
document.write( "\n" );
document.write( "Revenue is x*p.
\n" );
document.write( "(a) Express the revenue R as a function of x.
\n" );
document.write( "(b) What quantity x maximizes revenue? What is the maximum revenue?\r
\n" );
document.write( "\n" );
document.write( "***PLEASE SHOW STEPS!!
\n" );
document.write( " \n" );
document.write( "
Algebra.Com's Answer #467983 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "This is a parabola with a maximum since \n" ); document.write( "the coefficient of the \n" ); document.write( "Compare the equation with the general form: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "----------- \n" ); document.write( "The x-coordinate of the maximum is at \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "This is the value of \n" ); document.write( "Plug this back into the equation \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The maximum revenue is $56,250\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |