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Maximizing revenue: Sam operates a chain of convenience stores. He estimates that he can sell 600 small packs of gum per day if he charges
Maximizing revenue: Sam operates a chain of convenience stores. He estimates that he can sell 600 small packs of gum per day if he charges 75 cents each. Sam determines that for each 10 -cent reduction in price, he will sell an additional 80 packs per day. How much should he charge for the small packs of gum to maximize his revenue
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
