The managers of a furniture store have compiled data
Chapter , Problem 11.7.18(choose chapter or problem)
The managers of a furniture store have compiled data showing the weekly demand for recliners at various prices. (a) In Table 11.29, fill in the revenue generated by selling the number of recliners at the corresponding price. (b) Find the quadratic function that best fits the data. (c) According to the function you found, what price should the store charge for their recliners to maximize revenue? What is the maximum revenue? Table 11.29 Recliner price ($) 399 499 599 699 799 Demand (recliners) 62 55 47 40 34 Revenue ($)
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