SOLUTION: A manufacturer of microwave ovens believes that the revenue R, in dollars, that the company receives is related to the price P, in dollars, of an oven by the function R(P) = 85P –
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Question 1058958: A manufacturer of microwave ovens believes that the revenue R, in dollars, that the company receives is related to the price P, in dollars, of an oven by the function R(P) = 85P – 0.25P^2. What price will give the maximum revenue? Answer by ikleyn(52781) (Show Source):
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A manufacturer of microwave ovens believes that the revenue R, in dollars, that the company receives is related to
the price P, in dollars, of an oven by the function R(P) = 85P – 0.25P^2. What price will give the maximum revenue?
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They want you find the maximum of this quadratic function
R(P) = .
The general theory says that the quadratic function y(x) = has the maximum/minimum at x = ,
which in your case is = = 170 dollars.
Answer. 170 dollars.
