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1 April, 16:25

A model for a company's revenue from selling a software package is R (p) = - 2.5p^2+700p, where p is the price in dollars of the software. What price will maximize revenue? Find the maximum revenue.

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  1. 1 April, 19:54
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    Let y = - 2.5p^2 + 700p

    {Differentiate}

    dy/dp = - 5p + 700

    When dy/dp = 0,

    -5p + 700 = 0

    -5p = - 700

    -p = - 140

    p = 140
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