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.

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.

Step 3

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

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