Wednesday

October 22, 2014

October 22, 2014

Posted by **jackie** on Sunday, February 22, 2009 at 7:18pm.

R (p) = - 0.08p2 + 300p.

Revenue is the product of the price p and the demand (quantity sold).

a) Factor out the price on the right-hand side of the formula.

b) Write a formula D (p) for the monthly demand.

c) Find D (3000).

d) Use the accompanying graph to estimate the price at which the revenue is maximized. Approximately how many pools will be sold monthly at this price?

e) What is the approximate maximum revenue?

f) Use the accompanying graph to estimate the price at which the revenue is zero.

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