Math Problem Statement
Solution
To determine who has the correct solution, let's analyze the given revenue function and calculate the price that maximizes it.
The revenue function provided is:
This function is a quadratic equation in terms of (the price), where:
- The coefficient of is ,
- The coefficient of is ,
- The constant term is .
Since the coefficient of is negative, the parabola opens downward, meaning there is a maximum point.
Finding the Vertex (Maximum Revenue Point)
The formula for the vertex of a quadratic equation is given by:
Substituting the values:
Conclusion
- Ben's solution is correct. He calculated , which is the price that maximizes the revenue.
- Arem's solution contains an error, as he calculated , which is incorrect.
Final Answer
The correct answer is: Ben
Would you like further details on the calculation or the reasoning?
Here are five related questions for further exploration:
- How would the maximum revenue change if the revenue function had a different coefficient for ?
- What if the revenue function opened upwards? How would that affect the revenue?
- Can we determine the maximum revenue amount at ?
- How would we interpret the vertex in a cost function instead of a revenue function?
- How would you solve this problem using calculus instead of algebra?
Tip: For quadratic functions, the vertex formula quickly identifies the maximum or minimum without needing to complete the square.
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Math Problem Analysis
Mathematical Concepts
Algebra
Quadratic Equations
Revenue Maximization
Formulas
Vertex formula for a quadratic equation p = -b / (2a)
Theorems
Vertex of a parabola
Suitable Grade Level
Grades 9-11
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