Question: Bob wants to develop a prescriptive model that will help him to identify the price that maximizes the company's total revenue. He has computed the

Bob wants to develop a prescriptive model that will help him to identify the price that maximizes the company's total revenue. He has computed the model for sales as a function of price : Q = 150 - 2P . His next step is to:

identify the price that maximizes the total revenue TR =(150 - 2P) P

compute average profit

Identify the quantity that maximizes the total revenue TR = 150P - 4P²

compute average price and sales

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