The owner of a clothing store understands that the demand for shirts decreases with the price. In
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The owner of a clothing store understands that the demand for shirts decreases with the price. In fact, she has developed a model that predicts that at a price of $x per shirt, she can sell D(x) = 40e-x/50 shirts in a day. It follows that the revenue (total money taken in) in a day is R(x) = xD(x) ($x/shirt • D(x) shirts). What price should the owner charge to maximize revenue?
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Revenue is given by Rx 40xe50 So Rx 40xe...View the full answer
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Related Book For 
Calculus Early Transcendentals
ISBN: 978-0321947345
2nd edition
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
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