An oil-producing country can sell 7 million barrels of oil a day at a price of $90 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?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
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An oil-producing country can sell 7 million barrels of oil a day at a price of $90 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?

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