Hercules Films is deciding on the price of the video release of its film Son of Frankenstein. Its marketing people estimate that at a price of p dollars, it can selltotal of9 =240,000 – 12,000p copies. What price will bring in the greatest revenue?

Given: q=240,000-12,000p The revenue = the product of the price by the quantity sold R=p×q…

Answered: Hercules Films is deciding on the price…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.4: Solve Systems Of Equations With Three Variables

Problem 4.72TI: The community college soccer team sold three kinds of tickets to its latest game. The adult tickets...

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Hercules Films is deciding on the price of the video release of its film Son of Frankenstein. Its marketing people estimate that at a price of p dollars, it can sell a total of q = 240,000 – 12,000p copies. What price will bring in the greatest revenue?