Question: please give perfect answer Homework: Assignment 7 Save Score: 0 of 17 pts 3 of 6 (1 complete) HW Score: 7.65%, 7 65 of 100

please give perfect answer
Homework: Assignment 7 Save Score: 0 of 17 pts 3 of 6 (1 complete) HW Score: 7.65%, 7 65 of 100 pts 15.1.21 Question Help Suppose that a firm wishes to determine the best pricing for one of its products to maximize revenue over the next year. A market research study has collected data that estimate the expected annual sales for different levels of pricing Analysts determined that total revenue is expressed by the model shown Total Revenue = -2.9505x Price? +3,220.92 x Price The firm would like to identify the price that maximizes the total revenue. Suppose that the company wants to keep the price at a maximum of $525. The price that maximizes the total revenue is $|| (Round to the nearest cent as needed.)Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
