A retailer has been selling 2,000 computers a week at $850 each. The marketing department predicts that an additional 40 computers will be sold each week for every $10 that the price is lowered. What should the price be set at in order to maximize the revenue? if the retailer's weekly cost is C(x)=35000+150x, where x is the number of computers ordered by the retailer. What price should it choose in order to maximize its profit?

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
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A retailer has been selling 2,000 computers a week at $850 each. The marketing department predicts that an additional 40 computers will be sold each week for every $10 that the price is lowered. What should the price be set at in order to maximize the revenue?
if the retailer's weekly cost is C(x)=35000+150x, where x is the number of computers ordered by the retailer. What price should it choose in order to maximize its profit?

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