For the demand equation, express the total revenue R as a function of the price p per item q = -4p + 400 R(p) = Sketch the graph of the resulting function. ● No Solution Help -10 20000 19000 18000 17000 16000 15000 14000 13000 12000 11000 10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 10 -1000 -2000 20 30 40 50 60 70 80 90 100 110 Clear All Determine the price p (in dollars) that maximizes total revenue. p = $ Delete Fill WebAssign. Graphing Tool >>>

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter3: Functions
Section3.3: More On Functions; Piecewise-defined Functions
Problem 88E
icon
Related questions
Question
100%
For the demand equation, express the total revenue R as a function of the price p per item.
q = -4p + 400
R(p):
Sketch the graph of the resulting function.
No
Solution
→ Help
-10
20000
19000
18000
17000
16000
15000
14000
13000
12000
11000
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
10
-1000
-2000
20
30 40 50
60
70
80
90
100
Determine the price p (in dollars) that maximizes total revenue.
p = $
110
Clear All
Delete
Fill
WebAssign. Graphing Tool
Transcribed Image Text:For the demand equation, express the total revenue R as a function of the price p per item. q = -4p + 400 R(p): Sketch the graph of the resulting function. No Solution → Help -10 20000 19000 18000 17000 16000 15000 14000 13000 12000 11000 10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 10 -1000 -2000 20 30 40 50 60 70 80 90 100 Determine the price p (in dollars) that maximizes total revenue. p = $ 110 Clear All Delete Fill WebAssign. Graphing Tool
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning