Question
MTH 105 A & C, Spring 2024 Maximizing Revenue & Profit: Problems 1.) Suppose that at a certain car dealership, the number of cars of
MTH 105 A & C, Spring 2024\ Maximizing Revenue & Profit: Problems\ 1.) Suppose that at a certain car dealership, the number of cars of a particular model that are sold through an average week is 25 when the price is set at
$20,000. But for each
$500increase in price, the number of sales per week goes down by 1 car. How should the price of the car be set by the dealership in order to maximize revenue?
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The Repo Handbook
Authors: Moorad Choudhry
1st Edition
0750651628, 978-0750651622
