Answer:
Step-by-step explanation:
This is one of the easier things to do so definitely learn how to do it.
You just start by taking the first number in each parenthesis (F) and then multiply. 2x by x is 3x^2
Then take the outer (O) number from both problems, so the leftmost and rightmost number. 2x times -1 is -2x
Then take the two inner (I) numbers, 3 and x. Multiply and get 3x
Then take the last number in each parentheses (L) which is 3 and -1, get -3
Answer:
The maximum revenue is 16000 dollars (at p = 40)
Step-by-step explanation:
One way to find the maximum value is derivatives. The first derivative is used to find where the slope of function will be zero.
Given function is:
Taking derivative wrt p
Now putting R'(p) = 0
As p is is positive and the second derivative is -20, the function will have maximum value at p = 40
Putting p=40 in function
The maximum revenue is 16000 dollars (at p = 40)