Question
Asked Apr 2, 2019
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If the revenue for a company selling widgets at price x is R(x)=-10x^2+500x. Find max revenue and price needed to obtain max revenue. 

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Expert Answer

Step 1

The revenue for a company selling widgets at price x is R(x)=-10x^2+500x.

Step 2

Find the maximum revenue as follows.

Differentiate the function R(x) =10x^2+500x and equate to zero.

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Step 3

Substitute the value x=25 in R(x) =&ndas...

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Calculus

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