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Given cost and price (demand) functions C(q) = 100q+41,000 and p(q) = - 1.9q +870, what price maximizes revenue? It would be $ per item.

Given cost and price (demand) functions C(q) = 100q+41,000 and p(q) = - 1.9q +870, what price maximizes revenue? It would be $ per item.

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
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Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 1.9q +870, what price maximizes revenue? %3D It would be $ (Round answer to two decimal places.) per item.
Transcribed Image Text:Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 1.9q +870, what price maximizes revenue? %3D It would be $ (Round answer to two decimal places.) per item.
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