Jill\'s Pools sell an aboveground model for p dollarseach. The monthly revenue f

Question

Jill's Pools sell an aboveground model for p dollarseach. The monthly revenue for this model is given by the formulaR(p) = -0.08p2 + 300p. Revenue is the product of the price p and thedemand (quantity sold). Write the formula for D(p) for the monthly demand and thenfind D(3000). Jill's Pools sell an aboveground model for p dollarseach. The monthly revenue for this model is given by the formulaR(p) = -0.08p2 + 300p. Revenue is the product of the price p and thedemand (quantity sold). Write the formula for D(p) for the monthly demand and thenfind D(3000).

Explanation / Answer

R(p) = p*D(p) R(p) = -.08p^2 + 300p factor out a p in R(p) R(p) = p(-.08p+300) from the first equation you can tell that D(p) = -.08p+300 D(3000) = (-.08)(3000)+ 300 = 60

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