5. Revenue Function Suppose that the marketing department of Samsung has found that, when a certain model of DVD player is sold at a price of p dollars, the daily revenue R (in dollars) as a function of the price p is R (p) = -2.5p² + 600p. (a) For what price will the daily revenue be maximized? (b) What is the maximum daily revenue?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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**Revenue Function**

Suppose that the marketing department of Samsung has found that, when a certain model of DVD player is sold at a price of \( p \) dollars, the daily revenue \( R \) (in dollars) as a function of the price \( p \) is 

\[ R(p) = -2.5p^2 + 600p. \]

(a) For what price will the daily revenue be maximized?

(b) What is the maximum daily revenue?
Transcribed Image Text:**Revenue Function** Suppose that the marketing department of Samsung has found that, when a certain model of DVD player is sold at a price of \( p \) dollars, the daily revenue \( R \) (in dollars) as a function of the price \( p \) is \[ R(p) = -2.5p^2 + 600p. \] (a) For what price will the daily revenue be maximized? (b) What is the maximum daily revenue?
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