- 0.00031q² – 0.0738q + 539 and Suppose D(q) P(q) = – 0.00031q° – 0.0738q² + 416.4q – 14300. What is the price you should set this item in order to get the maximum profits possible? Use an appropriate whole number value of q to get your answer. Answer: Best price = $ (Round to the nearest penny.) Hint: You will use the demand function to find the price.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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– 0.00031q? – 0.0738q + 539 and
Suppose D(q)
P(q) =
order to get the maximum profits possible? Use an appropriate whole number value of q to get your
- 0.00031q – 0.0738q² + 416.4q – 14300. What is the price you should set this item in
answer.
Answer: Best price = $
(Round to the nearest penny.)
Hint: You will use the demand function to find the price.
Transcribed Image Text:– 0.00031q? – 0.0738q + 539 and Suppose D(q) P(q) = order to get the maximum profits possible? Use an appropriate whole number value of q to get your - 0.00031q – 0.0738q² + 416.4q – 14300. What is the price you should set this item in answer. Answer: Best price = $ (Round to the nearest penny.) Hint: You will use the demand function to find the price.
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