A boat manufacturer found that the revenue from sales of a ski-boat is a function of the unit price p that it charges. If the revenue is R(p) = 1600p - 0.5p2, what unit price p should the company charge in order to maximize revenue? What is the maximum revenue?

Respuesta :

the given relation is

[tex]\begin{gathered} R(p)=1600p-0.5p2 \\ R(p)=-0.5p^2+1600p \end{gathered}[/tex]

compare the above expression with the standard parabola quadratic equation

[tex]ax^2+bx+c=0[/tex]

so the value of a = -0.5

b = 1600

c = 0

the maximum value will be on

[tex]p=-\frac{b}{2a}[/tex][tex]\begin{gathered} p=\frac{-1600}{2\times-0.5}=\frac{16000}{10} \\ =1600 \\ \end{gathered}[/tex]

a) so the unit price of the boat should be p = 1600.

and the maximum revenue will be

put p = 1600

[tex]\begin{gathered} R(p)=1600\times1600-0.5(1600)^2=1600^2(1-0.5) \\ R(p)=1600^2\times0.5=1280000 \\ \\ \end{gathered}[/tex]