Maximurm Revenue When a wholesaler sold a product at $30 per unit, sales were 380 units per week. After a price increase of $5, however, the average number of units sold dropped to 355 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue?
Maximurm Revenue When a wholesaler sold a product at $30 per unit, sales were 380 units per week. After a price increase of $5, however, the average number of units sold dropped to 355 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue?
Chapter6: Systems Of Equations And Inequalities
Section6.6: Linear Programming
Problem 44E
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Transcribed Image Text:Maximum Revenue When a wholesaler sold a product at $30 per unit, sales were 380 units per week. After a price increase of $5, however, the average number of units sold dropped to 355 per week. Assuming that the demand function is linear, what
price per unit will yield a maximum total revenue?
$
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