Intermediate Algebra: Connecting Concepts through Application

Published by Brooks Cole
ISBN 10: 0-53449-636-9
ISBN 13: 978-0-53449-636-4

Chapter 4 - Quadratic Functions - 4.1 Quadratic Functions and Parabolas - 4.1 Exercises - Page 302: 32

Answer

A)$\$105,000$ B)$\$115,000$ C) $\$8$ D) The revenue decreases for prices greater than $\textbf{price}>\$ 8$.

Work Step by Step

A) The graph shows that at a price of $\$ 4$, the revenue would be $\$ 105,000$. B) The graph shows that the maximum revenue per month is $\$115,000$. C) From the graph, we see that the price that gives maximum revenue is $\$ 8$. D) The graph is decreasing to zero right after the vertex of $(8,115,000)$. This means that the revenue is decreasing for all prices higher than $\$8$. This can be expressed as $\textbf{price}>\$ 8$.
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