A store manager determines that the revenue from shoes, when the price for a pair of shoes is \(t\) dollars, will be \(h(t) = -t^2 + 36t\) dollars. What price should be charged to maximize revenue? What will the revenue be at this price?
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Step 1: To find the price that should be charged to maximize revenue, we need to find the vertex of the parabola represented by the revenue function h(t) = -t^2 + 36t. Show more…
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