Calculus
posted by Dan
I have a project and part of it has to do with revenue, demand and profit. I know that Revenue=price x quantity but can profit equal price x quantity demanded? I have both written down and I am getting confused because I was supposed to find the profit but I have the revenue function.

bobpursley
Profit= price x quantity  costs
and costs= fixed cost + unitcost x quantity. 
Dan
So there is no way profit = price x quantity demanded because I have q=60p+950 and Revenue or profit=60p^2+950p. I then have to find out the profit made by selling things at 5.50, 10 , and 15 dollars. I was told to plug these numbers into 60p^2+950p to get the profit and determine which one gives you the most profit.
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