Demand for pools.
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# 90. Demand for pools. Tropical Pools sells an above-groung model for p dollars each. The monthly revenue for the sale of this model is a function of the price, given by
R= -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) What is an expression for the monthly demand ?
c) What is the monthly demand for this pool when the price is $3000?
d) Use the graph on page 290 to estimate the price at which the revenue is
e) maximized. Approximately how man pool will be sold monthly at this price?
f) What is the approximate maximum revenue?
g) Use the accompanying graph to estimate the price at which the revenue is zero.
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Solution Summary
The expert examines the demand for pools. The factors out of the price on the right-hand side of formula is determined.
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(a) Factoring price on the right hand side
(b) ...
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