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We need to evaluate the value of fraction .
We also given j=12.
In order to evaluate the value of fraction , we need to plug j=12.
Plugging j=12, we get
We have 12 in numerator and 4 in denominator.
We always divide top number by bottom number.
So, we need to divide 12 by 4.
On dividing 12 by 4 we get 3.
<h3>Therefore,Answer:
The maximum revenue is $1,20,125 that occurs when the unit price is $155.
Step-by-step explanation:
The revenue function is given as:
where p is unit price in dollars.
First, we differentiate R(p) with respect to p, to get,
Equating the first derivative to zero, we get,
Again differentiation R(p), with respect to p, we get,
At p = 155
Thus by double derivative test, maxima occurs at p = 155 for R(p).
Thus, maximum revenue occurs when p = $155.
Maximum revenue
Thus, maximum revenue is $120125 that occurs when the unit price is $155.