A manufacturer can produce tires at a cost of $20 each. It is estimated that if the

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A manufacturer can produce tires at a cost of $20 each. It is estimated that if the tires are sold for p dollars a piece, consumers will buy 1,560 – 12p of them each month. Express the manufacturer’s monthly profit as a function of price, graph this function, and use the graph to determine the optimal selling price. How many tires will be sold each month at the optimal price?

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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