How To Find Maximum Revenue. Note that revenue and profit are two different things. First of all we know that total revenue = the number of units you sell * the price of each unit.
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. Web below is the formula for total revenue: So yep, your revenue function is just r(x) = 360x − 20x2. We'll get to this later. First of all we know that total revenue = the number of units you sell * the price of each unit. 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. R = p ∗ q r = $ 156 ∗ 200 r = $ 31, 200 finding maximum profit: 3)suppose there is a fifxed cost of $174500, to set up the manufacture and a producing cost of 125 dollars per unit. Just as a point of interest: Revenue = price * quantity or r(x) = p(x) ∗ x.
Just as a point of interest: Note that revenue and profit are two different things. Create your account view this answer using revenue function. 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: Just as a point of interest: Revenue = price * quantity or r(x) = p(x) ∗ x. 2) find the level of production that will maximize revenue. R = p ∗ q r = $ 156 ∗ 200 r = $ 31, 200 finding maximum profit: Web find the maximum revenue. Web revenue is calculated from units sold multiplied by price.
