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I need to know how to get the maximum quantity & how to get the maximum price please give formulas and please show work, i
I need to know how to get the maximum quantity & how to get the maximum price
Example 3 A candy company needs to project demand for a new type of gum and they think it will mirror an existing gum line. The existing gum line sold 3000 packets of gum at .75. The previous year they sold 3500 units at price of .72. The candy company wants to know what is the maximum they can charge for the candy and still make sales. They also want to know what is the projected maximum number of units they could sell in a year. Example 3 A candy company needs to project demand for a new type of gum and they think it will mirror an existing gum line. The existing gum line sold 3000 packets of gum at .75. The previous year they sold 3500 units at price of .72. The candy company wants to know what is the maximum they can charge for the candy and still make sales. They also want to know what is the projected maximum number of units they could sell in a year please give formulas and please show work, i really need help.
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