Demand for The Secret Loves of John O, a romance novel by Margó Dufón that flopped after two weeks on the market, is given by q = -2p² + 6p + 8 (0 < p < 4) copies sold per week when the price is p dollars. Taking into account storage and shipping, it costs OHaganBooks.com C = 3g dollars to sell q copies of Margó Dufón's The Secret Loves of John O in a week. (a) Express the weekly profit P earned by OHaganBooks.com from the sale of The Secret Loves of John O as a function of unit price p. P(p) = (b) What price should the company charge to get the largest weekly profit? (Round your answer to the nearest cent.) 2$ What is the maximum possible weekly profit? (Round your answer to the nearest cent.) $

Demand for The Secret Loves of John O, a romance novel by Margó Dufón that flopped after two weeks on the market, is given by q = -2p² + 6p + 8 (0 < p < 4) copies sold per week when the price is p dollars. Taking into account storage and shipping, it costs OHaganBooks.com C = 3g dollars to sell q copies of Margó Dufón's The Secret Loves of John O in a week. (a) Express the weekly profit P earned by OHaganBooks.com from the sale of The Secret Loves of John O as a function of unit price p. P(p) = (b) What price should the company charge to get the largest weekly profit? (Round your answer to the nearest cent.) 2$ What is the maximum possible weekly profit? (Round your answer to the nearest cent.) $

Name: Demand for The Secret Loves of John 0, a romance novel by Margó Dufón
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Description: Demand for The Secret Loves of John 0, a romance novel by Margó Dufón that flopped after two weeks on the market, isgiven byq = -2p? + 6p + 8 (0 < p < 4)copies sold per week when the price is p dollars.Taking into account storage and shipping, it co

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section10.4: Simulation With Built-in Excel Tools

Problem 14P

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