Precalculus (10th Edition)

Published by Pearson
ISBN 10: 0-32197-907-9
ISBN 13: 978-0-32197-907-0

Chapter 3 - Linear and Quadratic Functions - 3.3 Quadratic Functions and Their Properties - 3.3 Assess Your Understanding - Page 147: 85

Answer

$500$ dollars. $1,000,000$ dollars.

Work Step by Step

Step 1. Given $R(p)=-4p^2+4000p$, let $a=-4, b=4000$, we know that the maximum of $R(p)$ happens when $p=-\frac{b}{2a}=-\frac{4000}{2(-4)}=500$ dollars. Step 2. The maximum revenue is $R(500)=-4(500)^2+4000(500)=1,000,000$ dollars.
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