Revenue Maximization
Not what you're looking for?
Demand for a certain product is represented by the following equation:
p=(80-q)/4; 0<=q<=80
Where q is the # of units and p is the price per unit. At what quantity sold will the revenue be maximized?
Purchase this Solution
Solution Summary
A Complete, Neat and Step-by-step Solution is provided.
Solution Preview
The revenue function is R(q) = p * q = [(80 - q)/4] * q = (80q / 4) - (q^2 /4) = 20q - (q^2 / 4)
Now, we differentiate ...
Purchase this Solution
Free BrainMass Quizzes
Probability Quiz
Some questions on probability
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.
Multiplying Complex Numbers
This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.