A company finds that if they price their product at $ 55, they can sell 171 items of it. For every dollar increase in the price, the number of items sold will decrease by 3. a) What is the maximum revenue possible in this situation? (Do not use commas when entering the answer) b) What price will guarantee the maximum revenue?
A company finds that if they price their product at $ 55, they can sell 171 items of it. For every dollar increase in the price, the number of items sold will decrease by 3. a) What is the maximum revenue possible in this situation? (Do not use commas when entering the answer) b) What price will guarantee the maximum revenue?
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter4: Polynomials
Section4.9: Area Problems
Problem 2P
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A company finds that if they price their product at $ 55, they can sell 171 items of it. For every dollar increase in the price, the number of items sold will decrease by 3.
a) What is the maximum revenue possible in this situation? (Do not use commas when entering the answer)
b) What price will guarantee the maximum revenue?
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