Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 9 - Secton 9.1 - Quadratic Functions and Models - Exercises - Page 627: 13

Answer

The revenue is maximum (${\$} 20,000$) when $p={\$} 100$

Work Step by Step

$R(p)=pq$ $=p(-2p+400)$ $=-2p^{2}+400p.$ The graph is a parabola. The coefficients are $a=-2$ (opens down), $b=400, $ $c=0$ (passes through the origin) $\left[\begin{array}{llll} \text{Vertex} & x_{V}=-b/(2a) & y_{V}=f(-b/(2a) & \\ & x_{V}=100 & y_{V}=20,000 & \\ & \bf V(100,20,000) & & \\\\ \text{Line of symmetry} & x=100\\ & & \\ \text{Zeros:} & -2p^{2}+400=0 & & \\ & -2p(p-200)=0 & & \\ & p=0,p=200 & \bf\approx(0,0),(200,0) & \end{array}\right]$ Sketch with the above data. The revenue is maximum (${\$} 20,000$) when $p={\$} 100$
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