Jeff operates a mobile car washing business. When he charged $20 a car, he washed 70 cars

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Jeff operates a mobile car washing business. When he charged $20 a car, he washed 70 cars a month. He raised the price to $25 a car and his business dropped to 50 cars a month.

a. Find a linear function that represents the demand equation (the price per car as a function of the number of cars washed).

b. Find the revenue function R(x) = xp.

c. How many cars should he wash to maximize the revenue?

d. What price should he charge to maximize revenue?

Related Book For answer-question

Managerial Accounting Decision Making and Motivating Performance

ISBN: 978-0137024872

1st edition

Authors: Srikant M. Datar, Madhav V. Rajan

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Posted Date: Feb 09, 2023 11:47 PM

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Jeff operates a mobile car washing business. When he charged $20 a car, he washed 70 cars

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Managerial Accounting Decision Making and Motivating Performance

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