Question: Demand for pools. Tropical Pools sells an aboveground model for $p$ dollars each. The monthly revenue from the sale of this model is given by

\[R=-0.08 p^{2}+300 p\]

Revenue is the product of the price \(p\) and the demand (quantity sold).

1. Factor out the price on the right-hand side of the formula.
2. What is an expression for the monthly demand?
3. What is the monthly demand for this pool when the price is $3000?
4. Use the graph to estimate the price at which the revenue is maximized. Approximately how many pools will be sold monthly at this price?
5. What is the approximate maximum revenue?

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document