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anonymous

  • 5 years ago

using f(p)= 180-0.3p^2 where p is the price in dollars and f(p) is the number of items sold. at what price will maximum revenue be generated? rounded to the nearest cent

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  1. anonymous
    • 5 years ago
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    that's weird..i got a maximum turning point at p=0 and f(p)=180

  2. anonymous
    • 5 years ago
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    I think i did it wrong, ill check

  3. anonymous
    • 5 years ago
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    okay thank you

  4. anonymous
    • 5 years ago
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    I got p=0 again, what's the answer though?

  5. anonymous
    • 5 years ago
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    $0 just looks wrong...so i dont know

  6. anonymous
    • 5 years ago
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    If something is free 180 items will be sold. Lol.

  7. anonymous
    • 5 years ago
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    I just did f'(p) = -0.6p When f'(p)=0, p=0 and f(p)=180 And then i found the nature of the turning point... and it's a max but you're trying to generate max revenue? why is everything gonna be free then

  8. anonymous
    • 5 years ago
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    f(p) should be revenue. As we are trying to maximize this function. p should be items sold. I think....

  9. anonymous
    • 5 years ago
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    yeah that's what puzzled me...ballards are you sure you typed out the Q correctly

  10. anonymous
    • 5 years ago
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    here it is again straight from the test im trying to correct

  11. anonymous
    • 5 years ago
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    The demand function for a certain comodity is given by f(p)= 180 - 0.3p^2, where p is the price on dollars and f(p) is the number of items sold. #d) at what price will maximum revenue be generated? Round to the nearest cent

  12. anonymous
    • 5 years ago
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    I think p is the price you pay to manufacture the item... so if you pay $0 then you still manage to sell 180 items and thus you generate max. revenue? Considering that you've made no loss? I don't know, ha.

  13. anonymous
    • 5 years ago
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    ha ha ha thanks for trying though

  14. anonymous
    • 5 years ago
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    Do you have answers for it the sheet you're doing?

  15. anonymous
    • 5 years ago
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    for the*

  16. anonymous
    • 5 years ago
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    no it was a test we have to correct for partial credit

  17. anonymous
    • 5 years ago
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    this is what i did and she only counted off 3 instead of 5

  18. anonymous
    • 5 years ago
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    162 = 180-.3p^2 -180 -180 -18= -.3p^2 /-.3 /-.3 60=p^2 p=7.75

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