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Question

The Better Baby Buggy Co. has just come out with a new model, the Turbo. The market research department predicts that the demand equation for Turbos is given by q=-2p+320, where q is the number of buggies it can sell in a month if the price is $p per buggy. At what price should it sell the buggies to get the largest revenue? What is the largest monthly revenue?

Solution

VerifiedAnswered 2 years ago

Answered 2 years ago

Step 1

1 of 4Recall the graphical interpretations of the coefficients of

$f(x)=ax^{2}+bx+c$

If $a>0$ the parabola opens up,

if $a<0$ the parabola opens down.

$c$ is the $y-$intercept.

The vertex of the parabola is $\displaystyle \left(-\frac{b}{2a}, f(-\frac{b}{2a})\right).$

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