AirPods typically sell for $160. Sales are going really well. In fact, 55000 AirPods are sold each month (on average).  Apple did some research and realized that for each $20 decrease in price of AirPods, they can sell 5000 AirPods more each month. How much would you advise the company to charge for AirPods so they can maximize monthly revenues? What is the maximum revenue? How much bigger is the maximum monthly revenue than the current (meaning before the research study took place) monthly revenue?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
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AirPods typically sell for $160.

Sales are going really well. In fact, 55000 AirPods are sold each month (on average). 

Apple did some research and realized that for each $20 decrease in price of AirPods, they can sell 5000 AirPods more each month.

How much would you advise the company to charge for AirPods so they can maximize monthly revenues?

What is the maximum revenue? How much bigger is the maximum monthly revenue than the current (meaning before the research study took place) monthly revenue?

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