A retailer can obtain digital cameras from the manufacturer at a cost of $150 apiece. The retailer

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A retailer can obtain digital cameras from the manufacturer at a cost of $150 apiece. The retailer has been selling the cameras at the price of $340 apiece, and at this price, consumers have been buying 40 cameras a month. The retailer is planning to lower the price to stimulate sales and estimates that for each $5 reduction in the price, 10 more cameras will be sold each month. Express the retailer’s monthly profit from the sale of the cameras as a function of the selling price. Draw the graph, and estimate the optimal selling 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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