Solved: Maximizing revenue A sales analyst determines that
Chapter 4, Problem 52(choose chapter or problem)
Maximizing revenue A sales analyst determines that the revenue from sales of fruit smoothies is given by R1x2 = -60x2 + 300x, where x is the price in dollars charged per item, for 0 x 5. a. Find the critical points of the revenue function. b. Determine the absolute maximum value of the revenue function and the price that maximizes the revenue.
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