1. The distributor can sell 100 "I SETTING DERIVATIVES-0" T-shirts at $10.00 per shirt but can sell 5 more for each 10 cents she decreases the price. Find the price that maximizes her revenue.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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1. The distributor can sell 100 "1 SETTING DERIVATIVES=0" T-shirts at $10.00 per
shirt but can sell 5 more for each 10 cents she decreases the price. Find the price that
maximizes her revenue.
2. Egbert is out in the woods 600 feet north of an east-west road. He wants to get to a
point on the road 2000 feet west of where he is as quickly as possible; he figures he could
walk 4 ft./sec in the woods and 6 ft./sec on the road. Where on the road should Egbert head
to minimize the total time it would take to get to his destination?
Transcribed Image Text:1. The distributor can sell 100 "1 SETTING DERIVATIVES=0" T-shirts at $10.00 per shirt but can sell 5 more for each 10 cents she decreases the price. Find the price that maximizes her revenue. 2. Egbert is out in the woods 600 feet north of an east-west road. He wants to get to a point on the road 2000 feet west of where he is as quickly as possible; he figures he could walk 4 ft./sec in the woods and 6 ft./sec on the road. Where on the road should Egbert head to minimize the total time it would take to get to his destination?
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