Concept explainers
To find the price that will yield
Answer to Problem 72E
No
Explanation of Solution
Given:
Demand equation,
Cost equation,
Total profit,
Concept used:
Total profit,
Calculation:
Given that total profit is
This is a quadratic equation. Solving for maximum
Where
Therefore,
The actual profit when
Conclusion:
Therefore, there is no price
Chapter 2 Solutions
PRECALCULUS W/LIMITS:GRAPH.APPROACH(HS)
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