College Algebra (10th Edition)

Published by Pearson
ISBN 10: 0321979478
ISBN 13: 978-0-32197-947-6

Chapter 4 - Review Exercises - Page 317: 22

Answer

a.$R(x)=-\frac{1}{10}x^2+150x,$ $0\leq x\leq1500$ b.$R(100)=14000$ c. $R(x)=-\frac{1}{10}(x-750)^2+56250,$ Thus, $x=750$ maximizes the revenue and the maximum revenue is $56250$

Work Step by Step

$p=-\frac{1}{10}x+150,$ a. $R(x)=xp,$ $R(x)=x(-\frac{1}{10}x+150,$ $=-\frac{1}{10}x^2+150x,$ $0\leq x\leq1500$ b. $R(100)=-\frac{1}{10}(100)^2+150(100),$ $=-1000+15000,$ $=14000$ c. $R(x)=-\frac{1}{10}x^2+150x,$ $=-\frac{1}{10}(x^2-1500x+562500)+56250,$ $=-\frac{1}{10}(x-750)^2+56250,$ Thus, $x=750$ maximizes the revenue and the maximum revenue is $56250$
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