Question
A small company's profits are related to the price of its single product. The relationship is Rp=-0.4p2+64p-2400, where R is the revenue in thousands of
A small company's profits are related to the price of its single product. The relationship is Rp=-0.4p2+64p-2400, where R is the revenue in thousands of dollars and p is the price of the product in dollars. What price would maximize revenue? please explain with all the process. Thanks!
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
