Solve the Problem $$R ( p ) = - 4 p ^ { 2 } + 1,910 p$$

question 195

Multiple Choice

Solve the problem.
-The manufacturer of a CD player has found that the revenue R (in dollars) is $$R ( p ) = - 4 p ^ { 2 } + 1,910 p$$ 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) $1,824,050
• B) $456,013
• C) $912,025
• D) $228,006

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Definitions:

Full Capacity Sales

Full capacity sales refer to the maximum sales level that a company can attain with its current production capacity and resources, without additional investment.

Net Income

A company's revenue minus all its expenses and taxes equals its total income.

Fixed Assets

Long-term tangible assets used in the operation of a business and not expected to be converted to cash in the near term.

Additional Funds Needed

The extra amount of financing a company requires to fund its operations and growth beyond its current financial resources.