The total revenue R earned (in thousands of dollars) from manufacturing handheld video games is given by R(p) = −25p2 + 1600p where p is the price per unit (in dollars). (a) Find the revenues when the price per unit is $20, $25, and $30. R($20) $ thousand R($25) $ thousand R($30) $ thousand (b) Find the unit price that will yield a maximum revenue. $ per unit What is the maximum revenue? $ thousand Explain your results.
The total revenue R earned (in thousands of dollars) from manufacturing handheld video games is given by R(p) = −25p2 + 1600p where p is the price per unit (in dollars). (a) Find the revenues when the price per unit is $20, $25, and $30. R($20) $ thousand R($25) $ thousand R($30) $ thousand (b) Find the unit price that will yield a maximum revenue. $ per unit What is the maximum revenue? $ thousand Explain your results.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.7: Solving Systems Of Linear And Quadratic Equations
Problem 3GP
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Question
The total revenue R earned (in thousands of dollars) from manufacturing handheld video games is given by
R(p) = −25p2 + 1600p
where p is the price per unit (in dollars).
(a) Find the revenues when the price per unit is $20, $25, and $30.
(b) Find the unit price that will yield a maximum revenue.
$ per unit
What is the maximum revenue?
$ thousand
Explain your results.
R($20) | $ thousand |
R($25) | $ thousand |
R($30) | $ thousand |
(b) Find the unit price that will yield a maximum revenue.
$ per unit
What is the maximum revenue?
$ thousand
Explain your results.
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