Nebraska Furniture Mart sells the iPhone XS for $1000. At this price, they sale 300 phones per week. A market survey indicates that for each $10 decrease in the price, number of phones sold will increase by 5 per week. How much should the store charge per iPhone XS in order to maximize revenue? (Revenue is the cost per unit times the number units sold.) Be sure to justify why your answer is the global extrema.

Answer rating: 100% (QA)

Now the shop sells 300 iPhone Xs for 1000 each Which equals 300000 of Total Revenue per week Total R... View the full answer