Explanation:
AB=7
AC=9
You are looking for R
7+9=16
So R is 16
You would start with the equation:Let m=number of miles
49.98+0.12m=35.98+0.17m
Then solve for m
You would then get
49.98+0.12m=35.98+0.17m
-0.12m -0.12m
49.98=35.98+0.05m
-35.98 -35.98
14 = 0.05m
---- --------
0.05 0.05
280=m
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)