The vertex of the parabola shows that; maximum revenue of $225,000 occurs when the laptops are priced at $1,250.
What does the vertex of the parabola represent?
We are given a graph titled projected laptop revenue based on price with price increase per laptop on the x-axis and total revenue from laptop sales on the y-axis.
Now, the vertex of the parabola is the peak of the parabola and from the coordinates on the graph, we can conclude that maximum revenue of $225,000 occurs when the laptops are priced at $1,250.
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