Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturer of athletic footwear finds that the sales of their ZipStride brand running shoes is a function f(p) of the selling price p (in

A manufacturer of athletic footwear finds that the sales of their ZipStride brand running shoes is a function f(p) of the selling price p (in dollars) for a pair of shoes. Suppose that f (120) = 9000 pairs of shoes and f '(120) = 60 pairs of shoes per dollar. The revenue that the manufacturer will receive for selling f(p) pairs of shoes at p dollars per pair is R(p) = p f(p). Find R' (120). What impact would a small increase in price have on the manufacturer's revenue?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Nonlinear Controllability And Optimal Control

Authors: H. J. Sussmann

1st Edition

1351428330, 9781351428330

More Books

Students also viewed these Mathematics questions