1. The distributor can sell 100 "1 SETTING DERIVATIVES=0" T-shirts at $10.00 pershirt but can sell 5 more for each 10 cents she decreases the price. Find the price thatmaximizes her revenue.2. Egbert is out in the woods 600 feet north of an east-west road. He wants to get to apoint on the road 2000 feet west of where he is as quickly as possible; he figures he couldwalk 4 ft./sec in the woods and 6 ft./sec on the road. Where on the road should Egbert headto minimize the total time it would take to get to his destination?

Answered: Image /qna-images/answer/437f42cc-4519-4a82-8342-fc523f95a452.jpg

Answered: 1. The distributor can sell 100 "I…

1. The distributor can sell 100 "I SETTING DERIVATIVES-0" T-shirts at $10.00 per shirt but can sell 5 more for each 10 cents she decreases the price. Find the price that maximizes her revenue.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: The Basic Tools Of Finance

Section: Chapter Questions

Problem 5PA

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Question

1. The distributor can sell 100 "1 SETTING DERIVATIVES=0" T-shirts at $10.00 per
shirt but can sell 5 more for each 10 cents she decreases the price. Find the price that
maximizes her revenue.
2. Egbert is out in the woods 600 feet north of an east-west road. He wants to get to a
point on the road 2000 feet west of where he is as quickly as possible; he figures he could
walk 4 ft./sec in the woods and 6 ft./sec on the road. Where on the road should Egbert head
to minimize the total time it would take to get to his destination?

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