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How do we find the total revenue of a given function p=10-2.5q

 Apr 14, 2014
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How do we find the total revenue of a given function p=10-2.5q

 

Think about this.

if you sell cans of baked beans  for $1.50 per can then p=1.50 dollars

If you sell 8 cans then q=8

The total revenue for the baked beans is $1.50*8 = $12 =  p*q

So TR=price*quantity = (10-2.5q)q = -2.5q2 + 10q

 Apr 14, 2014

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