The total revenue for Dante's Villas is given as the function \( R(x)=700 x-0.5 x^{2} \), where \( x \) is the number of villas rented. maximum revenue?
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To find the maximum revenue, we can use the formula for the vertex of a quadratic function, \( x = -\frac{b}{2a} \). Here, the revenue function is \( R(x) = 700x - 0.5x^2 \), where \( a = -0.5 \) and \( b = 700 \). Plugging in the values gives us \( x = -\frac{700}{2 \times -0.5} = 700 \). Therefore, the maximum revenue occurs when 700 villas are rented. To find the maximum revenue value, substitute \( x = 700 \) back into the revenue function: \[ R(700) = 700(700) - 0.5(700^2) = 490000 - 245000 = 245000. \] So, the maximum revenue is $245,000!