Ask Question
21 April, 15:37

Find the largest possible revenue from the demand equation "Q = - 2p + 1000

+2
Answers (1)
  1. 21 April, 17:33
    0
    Revenue=quantity x price = (-2p+1000) (p) = - 2p^2+1000p

    The maximum revenue will occur when the first derivative is zero so when 2 (-2p) + 1000=0; p=250

    Which generates 125,000 in revenue

    Try prices of 245 and 255 and you will see they both are less than 250 thereby proving the max revenue is 250
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Find the largest possible revenue from the demand equation "Q = - 2p + 1000 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers