The price p (in dollars) and the quantity q sold of a certain product obey the demand Equation : q = 800 - 20p and 0 ≤ p ≤ 40 (i) What price should the company charge to maximize revenue? (ii) What price should the company charge to earn at least $3500 in revenue?
The price p (in dollars) and the quantity q sold of a certain product obey the demand Equation : q = 800 - 20p and 0 ≤ p ≤ 40 (i) What price should the company charge to maximize revenue? (ii) What price should the company charge to earn at least $3500 in revenue?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section9.3: Systems Of Inequalities
Problem 2E
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The price p (in dollars) and the quantity q sold of a certain product obey the demand
Equation : q = 800 - 20p and 0 ≤ p ≤ 40
(i) What price should the company charge to maximize revenue?
(ii) What price should the company charge to earn at least $3500 in revenue?
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