The total revenue R earned per day (in dollars) from a pet-sitting service is given by R(p) = -12p2 + 186p, where p is the price charged per pet (in dollars). (a) Find the revenue eamed for each price per pet given below. R($2) %24 R($3) R($5) 2$ (b) Find the unit price that yields a maximum revenue. 24 per pet What is the maximum revenue? 2$ Explain.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter5: Polynomial And Rational Functions
Section5.1: Quardratic Functions
Problem 71SE: Suppose that the price per unit in dollars ofa cell phone production is modeled by p=450.0125x,...
icon
Related questions
Topic Video
Question
DETAILS
The total revenue R earned per day (in dollars) from a pet-sitting service is given by R(p) = -12p2 + 186p, where p is the price charged per pet (in dollars).
(a) Find the revenue earned for each price per pet given below.
R($2)
R($3)
%$4
R($5)
24
(b) Find the unit price that yields a maximum revenue.
per pet
What is the maximum revenue?
Explain.
MAR
W
P
tv
MacBook Air
888
Transcribed Image Text:DETAILS The total revenue R earned per day (in dollars) from a pet-sitting service is given by R(p) = -12p2 + 186p, where p is the price charged per pet (in dollars). (a) Find the revenue earned for each price per pet given below. R($2) R($3) %$4 R($5) 24 (b) Find the unit price that yields a maximum revenue. per pet What is the maximum revenue? Explain. MAR W P tv MacBook Air 888
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
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
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning