The revenue, R from shares of a Loco Company has been calculated. The current price of a share is $20 and the company typically sells 1000 shares. They are considering increasing the price. A marketing survey indicates that for every $1 increase they will sell 10 fewer shares. What price should the shares be at in order to maximize the revenue? What is the maximum revenue. Need to include let statements.

The revenue, R from shares of a Loco Company has been calculated. The current price of a share is $20 and the company typically sells 1000 shares. They are considering increasing the price. A marketing survey indicates that for every $1 increase they will sell 10 fewer shares. What price should the shares be at in order to maximize the revenue? What is the maximum revenue. Need to include let statements.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter14: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 1DTM

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