How To Find Maximum Revenue. Answered • 10/07/15 tutor 4.9 (79) Revenue = price * quantity or r(x) = p(x) ∗ x.
Revenue = price * quantity or r(x) = p(x) ∗ x. 3)suppose there is a fifxed cost of $174500, to set up the manufacture and a producing cost of 125 dollars per unit. Follow • 3 add comment report 1 expert answer best newest oldest jordan k. Web find maximum revenue of a quadratic function math and stats help 17.8k subscribers 38k views 5 years ago functions learn how to find the maximum revenue, when the product is modeled. 1 become a study.com member to unlock this answer! So yep, your revenue function is just r(x) = 360x − 20x2. Web finding revenue function and max revenue 1) write the revenue function r ( q) in terms of q. Create your account view this answer using revenue function. We'll get to this later. Just as a point of interest:
First of all we know that total revenue = the number of units you sell * the price of each unit. [current price] x [current sales] = total revenue for example, if the current price per product is $5 and the current number of products a business has sold is 1,000, the total revenue would be $5,000 because: R = p ∗ q r = $ 156 ∗ 200 r = $ 31, 200 finding maximum profit: $5 x 1,000 = $5,000 related: 1 become a study.com member to unlock this answer! Answered • 10/07/15 tutor 4.9 (79) The revenue function for a sporting goods company is given by r (x) = x ⋅ p (x) dollars where x is the number of units sold and p (x) = 700 − 0.4x is the unit price. Create your account view this answer using revenue function. We'll get to this later. 2) find the level of production that will maximize revenue. 3)suppose there is a fifxed cost of $174500, to set up the manufacture and a producing cost of 125 dollars per unit.
