Math Problem Statement

Suppose that the manufacturer of a gas clothes dryer has found​ that, when the unit price is p​ dollars, the revenue R​ (in dollars) is Upper R left parenthesis p right parenthesis equals negative 5 p squared plus 10 comma 000 p. What unit price should be established for the dryer to maximize​ revenue? What is the maximum​ revenue? Question content area bottom Part 1 The unit price that should be established to maximize revenue is ​$

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Solution

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Math Problem Analysis

Mathematical Concepts

Quadratic Functions
Maximization
Revenue

Formulas

Maximum of a quadratic function p = -b / 2a
Revenue function R(p) = -5p^2 + 10,000p

Theorems

Vertex formula for quadratic functions

Suitable Grade Level

Grades 10-12