Delcita Delcita
  • 20-06-2017
  • Mathematics
contestada

Find the largest possible revenue from the demand equation "Q= -2p + 1000

Respuesta :

litt13
litt13 litt13
  • 20-06-2017
Revenue=quantity x price= (-2p+1000) (p)= -2p^2+1000p
The maximum revenue will occur when the first derivative is zero so when 2(-2p)+1000=0;p=250
Which generates 125,000 in revenue
Try prices of 245 and 255 and you will see they both are less than 250 thereby proving the max revenue is 250
Answer Link

Otras preguntas

Rewrite this excerpt from Sidney’s Sonnet 16 in your own words. And, Love, I thought that I was full of thee; But finding not those restless flames in me, Which
how heat moves when it is conducted between objects?
What was the effect of the passage of the Kansas Nebraska act
What is the value of 4x−8(2−x) , when x=−14 ?
i will give this much points for 7 (x+5)
The graph of the function y = x2 + 2 is shown. Which equation will shift the graph of the function down 4 units? A) y = x2 + 6 B) y = x2 - 2 C) y = (x + 4)2 +
How many significant digits does the number 700 have?
What are the coefficients in W - 8x + 20y + 6z
What happened in Constantinople in the year 532
What was the role of music during the Renaissance?