If a company charges a price p for a product, then it can sell 3e -p thousand
Question:
If a company charges a price p for a product, then it can sell 3e-p thousand units of the product. Then, f (p) = 3,000pep is the company’s revenue if it charges a price p.
1 For what values of p is f (p) decreasing? For what values of p is f (p) increasing?
2 Suppose the current price is $4 and the company increases the price by 5¢. By approximately how much would the company’s revenue change?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
Question Posted: