A manufacturer of mp3 players is preparing to set the price on a new model. Demand is
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A manufacturer of mp3 players is preparing to set the price on a new model. Demand is thought to depend on the price and is represented by the model
D = 2,500 - 3P
The accounting department estimates that the total costs can be represented by
C = 5,000 + 5D
Implement your model on a spreadsheet and construct a one way data table to estimate the price for which profit is maximized.
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Related Book For
Business Analytics Methods Models and Decisions
ISBN: 978-0321997821
2nd edition
Authors: James R. Evans
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