A cosmetics company is planning the introduction and promotion of a new lipstick line. The marketing research department has found that the demand in a particular city is given approximately by 12 p = 0 < x < 2, where x thousand lipsticks were sold per week at a price of p dollars each. At what price will the weekly revenue be maximized? Price

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 13T
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A cosmetics company is planning the introduction and promotion of a new lipstick line. The
marketing research department has found that the demand in a particular city is given
approximately by
12
0 < x < 2,
ex
where x thousand lipsticks were sold per week at a price of p dollars each. At what price will
the weekly revenue be maximized?
Price
Transcribed Image Text:A cosmetics company is planning the introduction and promotion of a new lipstick line. The marketing research department has found that the demand in a particular city is given approximately by 12 0 < x < 2, ex where x thousand lipsticks were sold per week at a price of p dollars each. At what price will the weekly revenue be maximized? Price
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