Try the fastest way to create flashcards
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

Verified
Step 1
1 of 4

Recall 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 $\displaystyle \left(-\frac{b}{2a}, f(-\frac{b}{2a})\right).$

## Recommended textbook solutions #### Finite Mathematics and Calculus with Applications

10th EditionISBN: 9780133935592Margaret L. Lial, Nathan P. Ritchey, Raymond N. Greenwell
7,669 solutions #### Finite Mathematics and Calculus with Applications

9th EditionISBN: 9780321746238Margaret L. Lial, Nathan P. Ritchey, Raymond N. Greenwell
7,590 solutions #### Finite Math and Applied Calculus

6th EditionISBN: 9781133607700Stefan Waner, Steven Costenoble
4,880 solutions #### Finite Mathematics for the Managerial Life and Social Sciences

12th EditionISBN: 9781337405782Tan, Soo
3,074 solutions