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The manager of a bicycle shop has found that, at a price (in dollars) of p(x) = 150 per bicycle, x bicycles will be
The manager of a bicycle shop has found that, at a price (in dollars) of p(x) = 150 per bicycle, x bicycles will be sold. (a) Find an expression for the total revenue from the sale of x bicycles. (Hint: Revenue = Demand X Price.) (b) Find the number of bicycle sales that leads to maximum revenue. (c) Find the maximum revenue.
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a Total revenue xprice x 150x4 150x x2...
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Pricing Strategies A Marketing approach
Authors: Robert M. Schindler
1st edition
1412964741, 978-1412964746
