document.write( "Question 1104108: The demand curve for a product is given by q=800-7p^2 , where p is the price. Find the price that maximizes revenue for sales of this product.
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Algebra.Com's Answer #718837 by rothauserc(4718) $\"\"$ $\"About$

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The demand curve is a parabola that curves downward, therefore the price (x axis) that maximizes the revenue is the x coordinate value for the parabola's vertex
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\n" ); document.write( "q = 800 - 7p^2
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\n" ); document.write( "x coordinate of the vertex is -b/2a = 0 / 2(-7) = 0
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\n" ); document.write( "here is a graph of the demand curve
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\n" ); document.write( " $\"+graph%28+300%2C+200%2C+-15%2C+15%2C+-400%2C+950%2C+800+-+7x%5E2%29+\"$
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