Find the maximum Revenue function R(x)=379x-0.6x^2

Question

^{How do I find max. Revenue Function with only two variables?}

Answer 1

If y = Ax²+Bx+C and A < 0, then the graph is a parabola opening downward.  The maximum occurs when x = -B/(2A).

 

For R(x) = -0.6x² + 379x, the maximum occurs when x = -379 / (2(-0.6)) = 315.83333

 

     Maximum revenue = R(315.83333) = 59850.42