Maximizing Revenue The John Deere company has found that the revenue, in dollars, from sales of riding mowers is a function of the unit price p, in dollars, that it charges. If the revenue R is 1 R(p) = -p + 1900p what unit price p should be charged to maximize revenue? What is the maximum revenue?
Maximizing Revenue The John Deere company has found that the revenue, in dollars, from sales of riding mowers is a function of the unit price p, in dollars, that it charges. If the revenue R is 1 R(p) = -p + 1900p what unit price p should be charged to maximize revenue? What is the maximum revenue?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Transcribed Image Text:Maximizing Revenue The John Deere company has found
that the revenue, in dollars, from sales of riding mowers is a
function of the unit price p, in dollars, that it charges. If the
revenue R is
1
R(p) = -p + 1900p
what unit price p should be charged to maximize revenue?
What is the maximum revenue?
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