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Advanced MathQ&A LibraryThe consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (98 − 2p)2, where p is the price per dumbbell, and q is the demand in weekly sales. Find the price Professor Schwarzenegger should charge for his dumbbells to maximize revenue. (Round your answer to the nearest cent.)Start your trial now! First week only $4.99!*arrow_forward*

Question

The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by

q = (98 − 2p)^{2},

where *p* is the price per dumbbell, and *q* is the demand in weekly sales. Find the price Professor Schwarzenegger should charge for his dumbbells to maximize revenue. (Round your answer to the nearest cent.)

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