A retail outlet sells two type of lawn mowers, the prices of which are p1 and p2. Find p1 and p2 so as to maximize the total revenue R, where R = 50p1 + 70p2 + 2P1P2 – 0.5p? – 2.5p, For full credit, justify that your answer maximizes the revenue.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
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A retail outlet sells two type of lawn mowers, the prices of which are p1 and p2. Find p1 and p2 so as to maximize the total revenue
R, where
R = 50p1 + 70p2 + 2P1P2 – 0.5p? – 2.5p,
For full credit, justify that your answer maximizes the revenue.
Transcribed Image Text:A retail outlet sells two type of lawn mowers, the prices of which are p1 and p2. Find p1 and p2 so as to maximize the total revenue R, where R = 50p1 + 70p2 + 2P1P2 – 0.5p? – 2.5p, For full credit, justify that your answer maximizes the revenue.
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