Description of Demand equation
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Demand for pool. Tropical pools seals an above ground model for p dollars each The monthly revenue for this model is given by the formula R(p)= -10.08^2 + 300p. Revenue is the product of the price p and the demand (quantity sold)
R(p) = -10.08p^2 + 300p
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)
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Solution Summary
Solution shows formula for monthly demand, calculation of demand and price.
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Hi,
Please see response to your posting as follows.
R(p) = -10.08p^2 + 300p
a. ...
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