A retailer has been selling 1200 tablet computers a week at $350 each. The marketing
Chapter 4, Problem 63(choose chapter or problem)
A retailer has been selling 1200 tablet computers a week at $350 each. The marketing department estimates that an additional 80 tablets will sell each week for every $10 that the price is lowered. (a) Find the demand function. (b) What should the price be set at in order to maximize revenue? (c) If the retailers weekly cost function is Csxd 35,000 1 120x what price should it choose in order to maximize its profit?
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