A company estimates that the price (in dollars) required to sell units of a product…

MATHEMATICS · Single correct · CBSE · Mathematics · Applications of Derivatives · Applications of Derivatives

Problem

A company estimates that the price

p

(in dollars) required to sell

q

units of a product is given by

p=120-2q

. What quantity

q

maximizes the company’s total revenue? (a)

q=60

(b)

q=30

(c)

q=15

(d)

q=40