A company that sells widgets nds that they can sell 4800 widgets if the price is set at $240 per widget. However, they have also
A company that sells widgets nds that they can sell 4800 widgets if the price is set at $240 per widget. However, they have also discovered that for each dollar they lower the price, they can sell an extra 40 widgets. What is the maximum revenue they could obtain by adjusting the price? [Recall that, in general, revenue is price times quantity: R = p * q.]
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