Remember the coffee roastery from an earlier problem set? Suppose they project that they can sell a quantity of Q(p) = 150 − p^2(in lbs) if they charge a price p (in$/lb). Find the price p that maximizes their gross revenue R(p) = pQ(p).
Remember the coffee roastery from an earlier problem set? Suppose they project that they can sell a quantity of Q(p) = 150 − p^2(in lbs) if they charge a price p (in$/lb). Find the price p that maximizes their gross revenue R(p) = pQ(p).
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?
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Remember the coffee roastery from an earlier problem set? Suppose they project that they can sell a quantity of Q(p) = 150 − p^2(in lbs) if they charge a price p (in$/lb). Find the price p that maximizes their gross revenue R(p) = pQ(p).
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