. Calculators are sold to students for $20 each. There are 300 students willing to bu shows that for every $5 increase in price, there are 30 fewer students willing to bu will the revenue be maximized and how many calculators will be sold to maximize

College Algebra (MindTap Course List)
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ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
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4. Calculators are sold to students for $20 each. There are 300 students willing to buy them at this price. A survey
shows that for every $5 increase in price, there are 30 fewer students willing to buy the calculator. At what price
will the revenue be maximized and how many calculators will be sold to maximize revenue?
Transcribed Image Text:4. Calculators are sold to students for $20 each. There are 300 students willing to buy them at this price. A survey shows that for every $5 increase in price, there are 30 fewer students willing to buy the calculator. At what price will the revenue be maximized and how many calculators will be sold to maximize revenue?
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