A manufacturer can produce sunglasses at a cost of $5 apiece and estimates that if they are sold for x dollars apiece, consumers will buy 100(20 x) sunglasses a day. At what price should the manufacturer sell the sunglasses

A manufacturer can produce sunglasses at a cost of $5 apiece and estimates that if they are sold for x dollars apiece, consumers will buy 100(20 − x) sunglasses a day. At what price should the manufacturer sell the sunglasses to maximize profit?

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Related Book For  answer-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

Question Details
Chapter # 3
Section: Review Exercises
Problem: 31
Posted Date: June 01, 2023 08:57:58