3. A retailer has been selling 1500 Aebad tablets a week at P23000 each. The marketing department estimates that an additional 100 tablets will sell for every P1000 that the price is lowered. a) Find the demand function. b.) what should the price be set at in order to maximize revenue?
3. A retailer has been selling 1500 Aebad tablets a week at P23000 each. The marketing department estimates that an additional 100 tablets will sell for every P1000 that the price is lowered. a) Find the demand function. b.) what should the price be set at in order to maximize revenue?
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.1: Tables And Trends
Problem 2TU: Suppose one canoe rents for 40,and2 is taken off the price for each additional canoe rented by a...
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