Question
A company finds that if they price their product at $30, they can sell 270 items of it. For every dollar increase in the price,
A company finds that if they price their product at $30, they can sell 270 items of it. For every dollar increase in the price, the number of items sold will decrease by 5.What is the maximum revenue possible in this situation?What price will guarantee the maximum revenue?
A company finds that if they price their product at $30, they can sell 270 items of it. For every dollar increase in the price, the number of items sold will decrease by 5.What is the maximum revenue possible in this situation?What price will guarantee the maximum revenue?
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The Economics Of The Environment
Authors: Peter Berck, Gloria Helfand
1st Edition
978-0321321664, 0321321669
