In this question, <span>q is the number of buggies the company can sell in a month if the price is $p per buggy. The revenue should be number of buggies sold(q) multiplied by the price(p). The equation would be:
revenue= p * q
revenue= p * (-4p + 616)= -4p^2 + 616p
The maximum revenue should be in the peak of the graph. The calculation would be:
</span>-4p^2 + 616p
-4*2 p^2-1 + 616*1 p^1-1=0
<span>-8p + 616=0
8p= 616
p=77
Put p=77 in the revenue equation would result
</span>revenue= -4p^2 + 616p
revenue= -4(77^2) + 616(77) = -23716 + 47432= $23716
Answer:
48.69
Step-by-step explanation:
Answer:
-2
Step-by-step explanation:
slope: (y² - y¹) / (x² - x¹)
(-1 - 1) / (1 - 0) = -2 / 1 = -2
y = -2x + b
plug in an (x, y) value to find b
1 = -2(0) + b
1 = -2 + b
b = 3
y = -2x + 3
rate of change is -2
