A manufacturer of digital cameras estimates that when cameras are sold for x dollars apiece, consumers will

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A manufacturer of digital cameras estimates that when cameras are sold for x dollars apiece, consumers will buy 8,000e−0.02x cameras each week. He also determines that profit is maximized when the selling price x is 1.4 times the cost of producing each unit. What price maximizes weekly profit? How many units are sold each week at this optimal price?

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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