A company fnds that if they price their product at 25 dollars, then they can sell 540 items of it. For every dollar increase in the price, the number of items sold will decrease by 4. What is the maximal income possible? dollars What price should the company set to achieve this maximal income? dollars Question Help: O Message instructor Submit Question

A company fnds that if they price their product at 25 dollars, then they can sell 540 items of it. For every dollar increase in the price, the number of items sold will decrease by 4. What is the maximal income possible? dollars What price should the company set to achieve this maximal income? dollars Question Help: O Message instructor Submit Question

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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