demand functions in math?

Question

Suppose the demand equation for a product is p=1600-8q where p is the price per unit in dollars when q units are demanded.

a.) At what level of production will the manufacturer's total revenue be maximum? (Please note: Revenue= price x quantity)

b.) Determine the maximum value

Answer 1

p =1600 - 8q
R = 1600q - 8q^2
R = - 8(q^2 - 200 + 10,000 - 10,000)
R = - 8(q - 100)^2 + 80,000

a) q = 100
b) = 80,000

Answer 2

further and further third international international places economies are increasing hence they're applying extra oil. maximum of Asia is a robust occasion. The oil generating international places shop the oil spigot became right down to maintain expenditures severe (there is your grant and insist) right this is a few thing who's time has come. i've got faith the oil agencies could desire to be nationalized and the income return to the persons in one in each of those decrease taxes.comparable with our communications systems. the place I stay in China as a transplanted American, the two are nationalized and a gallon of gasoline expenditures a pair of greenback much less, and my cellular telephone bill is obscenely little. approximately $15 a month and that i exploit it appreciably. Plus, I pay 0 sales tax, and tax on a house is amazingly small to non existent, plus I have not any earnings tax, in spite of that I make significantly extra then the typical individual. there is numerous gross sales to be made off of the two which provides the persons extra disposable earnings. A win for the government, a win for the persons, a win for our financial gadget. that's going to easily pizzzz off the fats cats, one that some like to assist, yet they don't supply a rats in the back of approximately their supporters. in case you like paying numerous taxes and assisting the prosperous, via all skill supply me a thumbs down. in case you want to decrease your burden, supply me a thumbs up. (for sure some will make the monumentally stupid determination) EDIT: Oil is unlike water, which has many factors. the respond decrease than mine from John B is merely isn't thinking. Oil is a commodity that's not obtainable from extra then some factors. people merely don't have a decision. particular they are able to seek around to shop some pennies a gallon, yet that's approximately it. think of roughly it. =============== life is so straightforward, yet we insist on making it complicated Confucius 551 - 479 BC =============== Peace Jim .

Answer 3

HELLO! I DONT KNOW WHAT U ARE TALKING ABOUT... LOL