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) = 110P –
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Question 1059344: 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) = 110P – 0.25P^2. What price will give the maximum revenue? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website!
Use the formula for the vertex
of a parabola,
$220 gives the maximum revenue
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check:
The maximum revenue is $12,100
Here's the plot:
Looks about right
