A retailer has been selling 1200 tablet computers a week at $350 each. The marketing department estimates

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A retailer has been selling 1200 tablet computers a week at $350 each. The marketing department estimates that an additional 80 tablets will sell each week for every $10 that the price is lowered.

(a) Find the demand function.

(b) What should the price be set at in order to maximize revenue?

C(x) = 35,000 + 120x

what price should it choose in order to maximize its profit?

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Calculus Early Transcendentals

ISBN: 9781337613927

9th Edition

Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin

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Question Posted: Jul 27, 2022 06:41 AM

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A retailer has been selling 1200 tablet computers a week at $350 each. The marketing department estimates

Question:

Step by Step Answer:

a As in Example 6 we see that the demand function p is linear We are g...View the full answer

Calculus Early Transcendentals

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