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A company sell hats. When the price is $15, they sell 80 hats. If the price drops to $10, then they sell 120 hats.
A company sell hats. When the price is $15, they sell 80 hats. If the price drops to $10, then they sell 120 hats. a. Assuming the demand is linear, find the price demand function for the hats. b. Find the revenue function. c. Find the number of hats that will give a maximum revenue. d. Find the price of the hats that gives the maximum revenue.
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To find the price demand function for the hats we can use the two data points given price quantity W...
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
