Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A model for a company's revenue from selling a software package is R(p) = -2.5p + 850p, where p is the price in dollars
A model for a company's revenue from selling a software package is R(p) = -2.5p + 850p, where p is the price in dollars of the software. What price will maximize revenue? Find the maximum revenue. The price $maximizes the revenue. (Simplify your answer.) The maximum revenue is $ (Simplify your answer.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started