The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (120 − 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.
The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (120 − 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.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.2: Determinants
Problem 11AEXP
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The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by
q = (120 − 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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