Suppose that the demand x (in units) for a product is x = 16,500 – 150p, where p dollars is the market price per unit. Then the consumer expenditure for the product is E = px = 16,500p – 150p2. For what market price will expenditure be greatest? $

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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Suppose that the demand x (in units) for a product is x =
16,500 – 150p, where p dollars is the market price per unit. Then the consumer expenditure for the product is
E = px
16,500p – 150p².
For what market price will expenditure be greatest?
Transcribed Image Text:Suppose that the demand x (in units) for a product is x = 16,500 – 150p, where p dollars is the market price per unit. Then the consumer expenditure for the product is E = px 16,500p – 150p². For what market price will expenditure be greatest?
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