Question

If the demand for mugs is q = 60 - 3p, what price will maximize revenue? (a) p = 20 (b) p = 30 (c) p = 10 (d) p = 40 

          If the demand for mugs is q = 60 - 3p, what price will maximize revenue?
(a) p = 20
(b) p = 30
(c) p = 10
(d) p = 40

Added by Michael G.

Elementary and Intermediate Algebra
Elementary and Intermediate Algebra
Alan S. Tussy, R. David Gustafson 5th Edition
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If the demand for mugs is q = 60 - 3p, what price will maximize revenue? (a) p = 20 (b) p = 30 (c) p = 10 (d) p = 40
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Transcript

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00:01 Given q is equal to 200 minus 4p square.
00:07 P stands for price and q stands for amount.
00:11 So, revenue which is denoted by rp is obtained as q into p putting in the values 200 minus 4p square into p.
00:25 We get 200p minus 4p square.
00:31 So, differentiating it we get r dash p is equal to d by dp bracket 200p minus 4p cube.
00:45 It will be cube not square bracket closed...
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