A software development company has determined the demand for its programs can be shown by the demand

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A software development company has determined the demand for its programs can be shown by the demand equation p=250-4x, where p is the price per program and x is the number of programs produced and sold.

a. Find the number of programs the company needs to sell in order to maximize its revenue.

b. find the maximum revenue.

c. Find the optimal price that will allow the firm to maximize its profits.

Related Book For answer-question

Probability and Statistics for Engineers and Scientists

ISBN: 978-0495107576

3rd edition

Authors: Anthony Hayter

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Posted Date: Feb 12, 2021 10:16 AM

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A software development company has determined the demand for its programs can be shown by the demand

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Probability and Statistics for Engineers and Scientists

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