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) = 100P

Algebra ->  Quadratic Equations and Parabolas  -> Quadratic Equations Lessons -> 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) = 100P       Log On

The quadratic function  R(p) = 100p - 0.25p^2 has the zeroes at


    100p - 0.25p^2 = 0,  i.e.  p = 0  and  p =  = 400.


It has the maximum exactly half way between the roots, i.e. at p = 200  dollars.      ANSWER