Demand for the latest best-seller at OHaganBooks.com, A River Burns Through It, is given by q =-3p +55 copies sold per week when the price is dollars. Find the revenue function and use it to determine what price the company should charge to obtain the maximum revenue? Round to two decimal places as needed.

Demand for the latest best-seller at OHaganBooks.com, A River Burns Through It, is given by q =-3p +55 copies sold per week when the price is dollars. Find the revenue function and use it to determine what price the company should charge to obtain the maximum revenue? Round to two decimal places as needed.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 1.4CE

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