The revenue function is given by a quadratic equation. The value of R at each vertex can be calculated by substituting the x-coordinate of the vertex into the revenue function equation.
The revenue function is given by the quadratic equation
, where a = 1.00, b = 10.0, and c = -200.
a. Value of R at vertex 1:
At vertex 1, x = 0. Substitute x into the revenue function equation:
R(0) = 1.00
+ 10.0(0) - 200 = -200
Therefore, the value of R at vertex 1 is -200.
b. Value of R at vertex 2:
At vertex 2, x = 60. Substitute x into the revenue function equation:
R(60) = 1.00
+ 10.0(60) - 200 = 3600 + 600 - 200 = 4000
Therefore, the value of R at vertex 2 is 4000.
c. Value of R at vertex 3:
At vertex 3, x = 90. Substitute x into the revenue function equation:
R(90) = 1.00
+ 10.0(90) - 200 = 8100 + 900 - 200 = 8800
Therefore, the value of R at vertex 3 is 8800.
d. Value of R at vertex 4:
At vertex 4, x = 100. Substitute x into the revenue function equation:
R(100) = 1.00
+ 10.0(100) - 200 = 10000 + 1000 - 200 = 10800
Therefore, the value of R at vertex 4 is 10800.