For the demand equation, express the total revenue R as a function of the price p per item. q=10p + 1000 R(P) = -10p² + 1000b Sketch the graph of the resulting function. No Solution → Help -20 90000 80000 70000 60000 50000 40000 30000 20000 10000 X 20 40 60 80 100 120 140 160 180 200 220 240 260 280 -1.00e+4 Submission Data Clear All Determine the price p (in dollars) that maximizes total revenue. P = $50 Delete Fill WebAssign. Graphing Tool X Graph Layers ▸ Vertical Parabola 1 Point 1 ▶ Point 2 ♥ X X
For the demand equation, express the total revenue R as a function of the price p per item. q=10p + 1000 R(P) = -10p² + 1000b Sketch the graph of the resulting function. No Solution → Help -20 90000 80000 70000 60000 50000 40000 30000 20000 10000 X 20 40 60 80 100 120 140 160 180 200 220 240 260 280 -1.00e+4 Submission Data Clear All Determine the price p (in dollars) that maximizes total revenue. P = $50 Delete Fill WebAssign. Graphing Tool X Graph Layers ▸ Vertical Parabola 1 Point 1 ▶ Point 2 ♥ X X
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:For the demand equation, express the total revenue R as a function of the price p per item.
q= 10p + 1000
-10p² + 1000b
R(p)
=
Sketch the graph of the resulting function.
U
No
Solution
Help
-20
90000
80000
70000
60000
50000
40000
30000
20000
10000
20 40 60 80 100 120 140 160 180 200 220 240 260 280
-1.00e+4
Submission Data
Clear All
Determine the price p (in dollars) that maximizes total revenue.
P = $ 50
Delete
Fill
WebAssign. Graphing Tool
Graph Layers
Vertical Parabola 1
Point 1
Point 2
X
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