The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by x = (107 - 2p), where p is the price per dumbbell, and x is the demand in weekly sales. Find the price Professor Schwarzenegger should charge for his dumbbells in order to maximize revenue. (Round your answer to the nearest cent.)
The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by x = (107 - 2p), where p is the price per dumbbell, and x is the demand in weekly sales. Find the price Professor Schwarzenegger should charge for his dumbbells in order to maximize revenue. (Round your answer to the nearest cent.)
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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