Solve the Problem
-The Manufacturer of a CD Player Has $R$

question 158

Multiple Choice

Solve the problem
-The manufacturer of a CD player has found that the revenue $R$ (in dollars) is $R ( p ) = - 4 p ^ { 2 } + 1560 p$ , when the unit price is $p$ dollars. If the manufacturer sets the price $p$ to maximize revenue, what is the maximum revenue to the nearest whole dollar?

• A) \(\$ 152,100\)
• B) \(\$ 608,400\)
• C) \(\$ 1,216,800\)
• D) \(\$ 304,200\)

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Definitions:

401(k) Plans

Retirement savings plans sponsored by an employer that allow employees to save and invest a portion of their paycheck before taxes are taken out.

Hourly Wage

The amount of money paid for each hour of work.

Nonexempt Employees

Workers who are entitled to receive overtime pay under the Fair Labor Standards Act (FLSA) for hours worked beyond the standard workweek.

FLSA Act

The FLSA Act, or Fair Labor Standards Act, is US legislation designed to protect workers against poor wages and excessive working hours, establishing minimum wage, overtime pay eligibility, and child labor standards.