Solved: A revenue model The owner of a clothing store
Chapter 6, Problem 43(choose chapter or problem)
A revenue model The owner of a clothing store understands that the demand for shirts decreases with the price. In fact, she has developed a model that predicts that at a price of $x per shirt, she can sell D1x2 = 40e-x>50 shirts in a day. It follows that the revenue (total money taken in) in a day is R1x2 = xD1x2 1$x>shirt # D1x2 shirts2. What price should the owner charge to maximize revenue? Additional Exercises
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