The demand equation for a manufacturer's product is p= 100 – q, 0

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 5ECP
icon
Related questions
icon
Concept explainers
Topic Video
Question
The demand equation for a manufacturer's product is
p = 100 – q, 0 <q< 60,
where q is the number of units and p is the price per unit. At what value of q will there be
maximum revenue?
Transcribed Image Text:The demand equation for a manufacturer's product is p = 100 – q, 0 <q< 60, where q is the number of units and p is the price per unit. At what value of q will there be maximum revenue?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning