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?
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?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter1: Expressions And Functions
Section1.8: Interpreting Graphs Of Functions
Problem 1GP
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Transcribed Image Text:75. 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?
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