A store has been selling a popular computer game at the price of $40 per unit, and
Question:
A store has been selling a popular computer game at the price of $40 per unit, and at this price, players have been buying 50 units per month. The owner of the store wishes to raise the price of the game and estimates that for each $1 increase in price, three fewer units will be sold each month. If each unit costs the store $25, at what price should the game be sold to maximize profit?
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Let x be the 100 price increments above 4000 Then 40 x w...View the full answer
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Related Book For
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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