The monthly revenue R (in thousands of dollars) from the sales of a digital picture
Chapter 3, Problem 68(choose chapter or problem)
Economics
The monthly revenue R (in thousands of dollars) from the sales of a digital picture frame is approximated by \(R(p)=-10 p^{2}+1580 p\), where p is the price per unit (in dollars).
(a) Find the monthly revenues for unit prices of $50, $70, and $90.
(b) Find the unit price that will yield a maximum monthly revenue.
(c) What is the maximum monthly revenue?
Text Transcription:
R(p)=-10p^{2}+1580p
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