Answered: Suppose the demand function for red sprockets is given by p(q)=−3q+1400 where p(q) is in dollars and q is the number of red sprockets sold. A. What is the…

Calculus: Early Transcendentals

8th Edition

ISBN: 9781285741550

Author: James Stewart

Publisher: Cengage Learning

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Suppose the demand function for red sprockets is given by
p(q)=−3q+1400
where p(q) is in dollars and q is the number of red sprockets sold.

A. What is the Revenue function as a function of quantity?
R(q)=
. B. What is the number of red sprockets that should be produced to maximize Revenue (round your answer to two decimals)?
C. What is the maximimal Revenue? (round your answer to the nearest dollar.) $
D. What is the price per red sprocket at the maximal revenue? (round your answer to the nearest penny) $

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