Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

suppose that the manufacture of a gas clothes dryer has found that when the unit price is P dollars the revenue R in dollars is

suppose that the manufacture of a gas clothes dryer has found that when the unit price is P dollars the revenue R in dollars is R(p)=-6p^2+12,000p. what unit price should be established for the dryer to maximize revenue? what is the maximum revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Elementary Introduction To Mathematical Finance

Authors: Sheldon M Ross

3rd Edition

1139065106, 9781139065108

More Books

Students also viewed these Mathematics questions

Question

Describe the primary concerns and hopes of ecopsychologists.

Answered: 1 week ago

Question

An action plan is prepared.

Answered: 1 week ago