Approximate maximum revenue

Reference no: EM13118859

Demand for pools. Tropical Pools sells an aboveground model for p dollars each. The monthly revenue for this model is given by the formula:

R(p)-0.08p^2+300p

Revenue is the product of the price p and the demand (quantity sold).

a) Factor out the price on the right-hand side of the formula.

b) Write a formula D(p) for the monthly demand.

c) Find D(3000)

d) Use the accompanying graph to estimate the price at which the revenue is maximized. Approximately how many pools will be sold monthly at this price?

e) What is the approximate maximum revenue?

f) Use the accompanying graph to estimate the price at which the revenue is zero.

Reference no: EM13118859

Questions Cloud

Quadratic formula and completing square : When solving a rational equation, why it is OK to remove the denominator by multiplying both sides by the LCD and why can you not do the same operation when simplifying a rational expression? Please share an example.

Solve probabilities problem by quantitative methods : Quantitative Methods- Probabilities Problem. A country road averages 6 potholes per mile. A road crew is sent out to repair the road. Find the following probabilities. Use the appropriate table or software if you want.

Explain alternatives choose to increase profits : Your fixed costs are presently $500,000 with a variable cost per unit of $25 per unit and a sales price of $43 Your options are: Increase your fixed costs by $50,000 which will decrease variable costs by $8 per unit.

What volume will 0.66 moles of argon occupy : if a sample of 0.29 moles of Ar occupies 3.8L under certain conditions, what volume will 0.66 moles of Ar occupy under the same conditions.

Approximate maximum revenue : Demand for pools. Tropical Pools sells an aboveground model for p dollars each. The monthly revenue for this model is given by the formula:

Illustrate what was the speeder speed : If the police car accelerates uniformly at 3.00m/s^2 and overtakes the speeder after accelerating for 9.00 s, illustrate what was the speeder's speed?

Fit the return series an appropriate arma model : Choose the share NYSE:WMT. Take +1,000 observations and answer the following questions does the price series have a unit root?

Which of the following analytical techniques directly yields : Which of the following analytical techniques directly yields the amino acid sequence of a peptide?

Determining value of combined firm : What are the values of the companies as stand-alone companies? If the combined firm increases its operating margin by 2%, revenues are combined, and the other value drivers remain unchanged, what is the value of the combined firm?

User Account

All Pages