An oil-producing country can sell 7 million barrels of oil a day at a price of $110 per barrel. If each $1 price increase will result in a sales decrease of 100,000 barrels per day, what price will maximize the country's revenue? $ How many barrels will it sell at that price? barrels
An oil-producing country can sell 7 million barrels of oil a day at a price of $110 per barrel. If each $1 price increase will result in a sales decrease of 100,000 barrels per day, what price will maximize the country's revenue? $ How many barrels will it sell at that price? barrels
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section9.4: Linear Programming
Problem 15E
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