A retailer has been selling 2000 tablet computers a week at $250 each. The marketing department estimates that an additional 80 tablets will sell each week for every $10 that the price is lowered (a) Find the demand function. P(x) = (b) What should the price be set at in order to maximize revenue? 24 (c) If the retailer's weekly cost function is C(x) = 35,000 + 120x what price should it choose in order to maximize its profit?
A retailer has been selling 2000 tablet computers a week at $250 each. The marketing department estimates that an additional 80 tablets will sell each week for every $10 that the price is lowered (a) Find the demand function. P(x) = (b) What should the price be set at in order to maximize revenue? 24 (c) If the retailer's weekly cost function is C(x) = 35,000 + 120x 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
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
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