Solved: Maximum Revenue When a wholesaler sold a product at $40 per unit, sales were 300
Chapter 3, Problem 21(choose chapter or problem)
Maximum Revenue When a wholesaler sold a product at $40 per unit, sales were 300 units per week. After a price increase of $5, however, the average number of units sold dropped to 275 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue?
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