Question 351950: A model for a company's revenue from selling a software package is
r = -2.5p (squared) + 500p, where p is the price in dollars of the software. What price will maximize revenue? Find the maximum revenue.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! A model for a company's revenue from selling a software package is
r = -2.5p (squared) + 500p, where p is the price in dollars of the software. What price will maximize revenue? Find the maximum revenue.
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Binomial with a = -2.5 and b = 500
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Max occurs at x = -b/2a = -500/(-5) = 100
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Max is r(100) = -2.5(100^2) + 500(100 = 25000
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cheers,
Stan H.
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