The price
and the quantity
sold of a small​ flat-screen television set obeys the demand equation below.
​a) How much should be charged for the television set if there are
television sets in​ stock?
​b) What quantity
will maximize​ revenue? What is the maximum​ revenue?
​c) What price should be charged in order to maximize​ revenue?

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  3. 👁 319
asked by Janice
  1. revenue is price * quantity, so

    R(x) = x*p(x) = x(-.16x+320)
    = -.16x^2 + 320x

    Now just find the vertex of that parabola to locate maximum revenue.

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    posted by Steve

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