Suppose that the manufacturer of a gas clothes dryer has found that when the unit price is \( p \) dollars, the revenue \( R \) (in dollars) is \( R(p)=-4 p^{2}+12,000 p \). (a) At what prices \( p \) is revenue zero? (b) For what range of prices will revenue exceed \( \$ 800,000 \) ? (a) At what prices \( p \) is revenue zero? The revenue equals zero when p is \( \$ 0,3000 \). (Use a comma to separate answers, but do not use commas in any individual numbers.) (b) For what range of prices will revenue exceed \( \$ 800,000 \) ? (Type your answer in interval notation. Round to the nearest cent as needed.)
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Bonus Knowledge
To solve this, let's start with the revenue function given: \[ R(p) = -4p^2 + 12,000p \] (a) To find the prices \( p \) when revenue \( R \) is zero, we set the equation to zero: \[ 0 = -4p^2 + 12,000p \] Factoring out \( p \): \[ p( -4p + 12,000) = 0 \] This gives us two solutions: 1. \( p = 0 \) 2. \( -4p + 12,000 = 0 \Rightarrow 4p = 12,000 \Rightarrow p = 3,000 \) So, the revenue equals zero when \( p \) is \( 0, 3000 \). (b) To find the prices for which revenue exceeds \( 800,000 \), we can set up the inequality: \[ -4p^2 + 12,000p > 800,000 \] Rearranging gives: \[ -4p^2 + 12,000p - 800,000 > 0 \] Dividing the entire inequality by -4 (flipping the inequality): \[ p^2 - 3,000p + 200,000 < 0 \] Next, we can find the roots using the quadratic formula: \[ p = \frac{-b \pm \sqrt{b^2 - 4ac}}{2a} \] Here \( a = 1, b = -3000, c = 200000 \): Calculating the discriminant: \[ (-3000)^2 - 4(1)(200000) = 9000000 - 800000 = 820000 \] Finding the roots: \[ p = \frac{3000 \pm \sqrt{820000}}{2} \] Calculating \( \sqrt{820000} \approx 905.88 \): The roots are approximately: 1. \( p \approx 3000 - 452.94 \approx 2547.06 \) 2. \( p \approx 3000 + 452.94 \approx 3452.94 \) Therefore, the range of prices where revenue exceeds \( 800,000 \) is: \[ (2547.06, 3452.94) \] So the final answers are: (a) \( 0, 3000 \) (b) \( (2547.06, 3452.94) \)
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