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B tlectronics plans to release a new line of low-end tablet computers. I hey have not chosen the price, p, for the new tablets yet.

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B tlectronics plans to release a new line of low-end tablet computers. I hey have not chosen the price, p, for the new tablets yet. They believe that sales of the tablet will be related to the price via the following equation: sales =2.85p+986 The total revenue from sales of the laptop will be sales times price: total revenue =( sales )( price ) The goal is to maximize the total revenue. Develop a spreadsheet model and use Excel's Solver to calculate the optimal price for the laptops. (Hints: There is only one decision variable, p. Since sales depends on the price, this is a nonlinear problem.) What is the optimal price? Round your answer to two (2) decimal places. According to the nonlinear model, what is the expected sales figure based on the computed price? Round your answer to the nearest whole number. According to the nonlinear model, what is the total revenue expected from the sales? Round your answer to two (2) decimal places

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