document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=920519>Question 920519</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The dollar price for a barrel of oil sold at a certain oil refinery tends to follow the demand equation below, where x is the number of barrels of oil on hand (in millions). <BR>\n" );
document.write( "   p= -1/4x+160<BR>\n" );
document.write( "   a. How much should be charged for a barrel of oil if there are 3 million barrels on hand? Round to nearest cent<BR>\n" );
document.write( "   b. What quantity x will maximize revenue?<BR>\n" );
document.write( "   c. What price should be charges in order to maximize revenue?<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #558409 by </B><A HREF=/tutors/aboutme.mpl?userid=ewatrrr><B>ewatrrr(24785)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ewatrrr><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ewatrrr><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=558409\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> p= -1/4x+160<BR>\n" );
document.write( "a) p= (-1/4)3  +160<BR>\n" );
document.write( "b) R = px<BR>\n" );
document.write( "R = -.25x^2 + 160x = -.25(x - 320)^2 + 25,600. x = 320 will maximize revenue<BR>\n" );
document.write( "c) = p= (-1/4)320  +160 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );