Math Problem Statement

If the total revenue function for a computer is R(x) = 1800x − 23x2 − x3, find the level of sales, x, that maximizes revenue and find the maximum revenue in dollars. x = computers R(x) = $

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Calculus
Optimization
Revenue Maximization

Formulas

Derivative of a function f'(x) to find critical points
Quadratic formula: x = (-b ± √(b^2 - 4ac)) / 2a
Second derivative test for maximum or minimum points

Theorems

Second Derivative Test
Quadratic Formula

Suitable Grade Level

College-level Calculus