answersLogoWhite

0

Suppose the revenue equation is of the form R = ax2 + bx + c where a, b and c are constants and x is the variable.

To have a maximum, either a must be negative or x must lie within fixed limits.

If a is negative then the maximum revenue is attained when x = -b/(2a). That is, find the value of R when x = -b/(2a).

If a is positive, then find the value of R when x is at each end point of its domain. One of them will be larger and that is the maximum value of the revenue.

User Avatar

Wiki User

13y ago

Still curious? Ask our experts.

Chat with our AI personalities

LaoLao
The path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
RossRoss
Every question is just a happy little opportunity.
Chat with Ross
BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake

Add your answer:

Earn +20 pts
Q: How do you find maximum revenue using quadratic equations?
Write your answer...
Submit
Still have questions?
magnify glass
imp