13. A car manufacturer decides to change the price of its new luxury sedan (LS) model to increase sales. The graph shows the relationship between revenue and the size of the price change. Potential revenue ($10 000 000) 10 -200 -100 Amount of price change (5) a) Determine an equation for the graph. b) How should the price be changed for maximum revenue? 100

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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13. A car manufacturer decides to change the price of its new luxury sedan
(LS) model to increase sales. The graph shows the relationship between
revenue and the size of the price change.
Potential revenue
($10 000 000)
10-
8
16
2
-200 -100
Amount of price change (S)
a)
Determine an equation for the graph.
b) How should the price be changed for maximum revenue?
100
Transcribed Image Text:13. A car manufacturer decides to change the price of its new luxury sedan (LS) model to increase sales. The graph shows the relationship between revenue and the size of the price change. Potential revenue ($10 000 000) 10- 8 16 2 -200 -100 Amount of price change (S) a) Determine an equation for the graph. b) How should the price be changed for maximum revenue? 100
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