For the demand equation, express the total revenue R as a function of the price p per item.q= 10p + 1000-10p² + 1000bR(p)=Sketch the graph of the resulting function.UNoSolutionHelp-2090000800007000060000500004000030000200001000020 40 60 80 100 120 140 160 180 200 220 240 260 280-1.00e+4Submission DataClear AllDetermine the price p (in dollars) that maximizes total revenue.P = $ 50DeleteFillWebAssign. Graphing ToolGraph LayersVertical Parabola 1Point 1Point 2X

We know that total revenue = demand * price per item. Also, the maximum value of a function is the…

For the demand equation, express the total revenue R as a function of the price p per item. q=10p + 1000 R(P) = -10p² + 1000b Sketch the graph of the resulting function. No Solution → Help -20 90000 80000 70000 60000 50000 40000 30000 20000 10000 X 20 40 60 80 100 120 140 160 180 200 220 240 260 280 -1.00e+4 Submission Data Clear All Determine the price p (in dollars) that maximizes total revenue. P = $50 Delete Fill WebAssign. Graphing Tool X Graph Layers ▸ Vertical Parabola 1 Point 1 ▶ Point 2 ♥ X X