A company's demand for golf balls as a function of sales price per ball is given by D(n) = 50 – 5n

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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A company's demand for golf balls as a function of sales price per ball is given by
the formula:
D(p) — 50 — 5р
where
is the price of a golf ball in dollars. It costs the company 1 dollar to make each golf ball.
1) In this model, what is the revenue as a function of price p? cost as a function of p?
2) find the optimal sales price per ball if the company is trying to maximize profit.
Transcribed Image Text:A company's demand for golf balls as a function of sales price per ball is given by the formula: D(p) — 50 — 5р where is the price of a golf ball in dollars. It costs the company 1 dollar to make each golf ball. 1) In this model, what is the revenue as a function of price p? cost as a function of p? 2) find the optimal sales price per ball if the company is trying to maximize profit.
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