Maximizing Revenue: Using Quadratic Functions to Find the Best Selling Price

The video tutorial explains how to maximize revenue from selling stuffed animals by using the zeros of a quadratic function to graph a parabola. It covers the relationship between selling price and sales volume, showing that increasing the price reduces sales but can increase revenue up to a point. The tutorial demonstrates how to use a polynomial equation to find the optimal price that maximizes revenue, using the concepts of zeros, line of symmetry, and vertex of a parabola. The lesson concludes with a discussion on determining the best selling price for maximum profit.

Discuss the implications of increasing the price on sales and revenue as presented in the lesson.

How does the concept of the vertex relate to maximizing revenue in this scenario?

What was the final conclusion regarding the optimal selling price for the stuffed animals?