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Maximum profit. Refer to Problem 64. If the GPS devices cost the store $220 each, find the price (to the nearest cent) that maximizes the profit. What is the maximum profit (to the nearest dollar)?
64. Marginal analysis. The price-demand equation for a GPS device is
where x is the monthly demand and p is the price in dollars. Find the production level and price per unit that produce the maximum revenue. What is the maximum revenue?
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Chapter 4 Solutions
Additional Calculus Topics for Calculus for Business, Economics, Life Sciences and Social Sciences
- Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill EducationMathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
- Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSONDiscrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
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