What exactly is revenue?

When R(p) = -2p^2 + 8,000p, What unit price should be established for the dryer to maximize revenue? What is the maximum revenue?

  • Maximizing Revenue Suppose that the manufacturer of a gas clothes dryer has found that, when the unit price is p dollars, the revenue R (in dollars) is R(p) = -2p^2 + 8,000p What ...show more

  • Answer:

    max{R(p) = -2 p^2+8000 p} = 8000000 at p = 2000

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