document.write( "Question 1026784: The school has begun selling a cookbook called \"What Would Euler Eat?\" If the price of the cookbook is n dollars (n <= 72), then it will sell 720 - 10n copies. What price (in dollars) will maximize the total revenue we receive for the books? \n" ); document.write( "
Algebra.Com's Answer #642107 by robertb(5830)![]() ![]() You can put this solution on YOUR website! The revenue equation in this case would be \r \n" ); document.write( "\n" ); document.write( "R(n) = n(720-10n),\r \n" ); document.write( "\n" ); document.write( "which is a a quadratic equation with roots at n = 0, 72. (n = 0 means no production, hence 0 revenue. n = 72 means 0 sales because the price is highest at $72.)\r \n" ); document.write( "\n" ); document.write( "The $ price that would yield the maximum revenue would be midway between $0 and $72, which is $36. This would give a max revenue of $12,960. \n" ); document.write( " |