Math Problem Statement
no its R(q)=−0.3q2+30q+12
Solution
Thank you for the clarification! The corrected revenue function is:
Let's calculate the maximum revenue using this updated function.
We'll follow the same steps as before:
- Find the -coordinate of the vertex (i.e., the value of that maximizes the revenue).
- Substitute this -value back into the function to find the maximum revenue .With the updated revenue function , the -coordinate of the vertex (which represents the number of units sold to achieve maximum revenue) is . Substituting back into the revenue function, the maximum expected revenue is:
The correct answer is:
(B) 752
Would you like more details or have any further questions?
Here are five related questions to expand this topic:
- What would happen to the maximum revenue if the quadratic term coefficient changes?
- How does the initial constant in the revenue function affect the maximum revenue?
- How can you use derivatives to confirm that is indeed a maximum point?
- What is the significance of the discriminant in the context of quadratic functions like this one?
- How would the function change if there were fixed costs associated with each unit sold?
Tip: When working with quadratic functions in revenue or profit maximization problems, always consider the sign of the leading coefficient to determine whether you're looking for a maximum or minimum value.
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Math Problem Analysis
Mathematical Concepts
Quadratic Functions
Vertex Form
Revenue Maximization
Formulas
Quadratic function formula
Vertex formula
Theorems
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Suitable Grade Level
High School
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