A model for a company's revenue from selling a software package is r(p)equals=minus−2.52.5p2plus+850850p, where p is the pric

Question

2 years ago

9

e in dollars of the software. what price will maximize revenue? find the maximum revenue.

1 answer:

belka [17] · Answer 1 · 2022-01-30T01:00:54+03:00

From the given, the revenue is given to be equal to,

r(p) = -2.5p^2 + 850p

To determine the price at which the maximum revenue is realized, we derive the equation and equate to zero as shown below.

dr(p) = -5p + 850

Equating to zero,

0 = -5p + 850

The value of p from the equation is 170.

Answer: $170

A model for a​ company's revenue from selling a software package is ​r(p)equals=minus−2.52.5p2plus+850850​p, where p is the pric