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An artist is planning to sell signed prints of her latest work. If 4 0 prints are offered for sale, she can charge $ 5
An artist is planning to sell signed prints of her latest work. If prints are offered for sale, she can charge $ each. However, if she makes more than prints, she must lower the price of all the prints by $ for each print in excess of the That is prints reduce the price by $ prints reduce the price by $ and so on How many prints should the artist make to maximize her revenue?
Let be the number of prints and the price per print. The demand equation is and the revenue function is
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