Question

2.1 Quadratic Functions: Problem 12 The revenue function R in terms of the number of units sold, x, is given as R=370x−0.4x^2

where R is the total revenue in dollars. Find the number of units sold x that produces a maximum revenue? Your answer is x= What is the maximum revenue?

Answer 1

Explanation:

The revenue function is represented by R = 370x - 0.4x^2,

where x represents the number of units sold.

This equation allows us to calculate the revenue generated by selling a certain number of units.

The function consists of two terms:

370x, which represents the revenue gained from each unit sold, and -0.4x^2, which represents the decrease in revenue as the number of units sold increases. By plugging in different values for x, we can determine the corresponding revenue for a given number of units sold.