A company fnds that if they price their product at 85 dollars, then they can sell 315 items of it. For every dollar increase in the price, the number of items sold will decrease by 3. What is the maximal income possible? What price should the company set to achieve this maximal income? dollars dollars

Calculus: Early Transcendentals
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Author:James Stewart
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Chapter1: Functions And Models
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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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A company fnds that if they price their product at 85 dollars, then they can sell 315 items of it. For every
dollar increase in the price, the number of items sold will decrease by 3.
What is the maximal income possible?
What price should the company set to achieve this maximal income?
dollars
dollars
Transcribed Image Text:A company fnds that if they price their product at 85 dollars, then they can sell 315 items of it. For every dollar increase in the price, the number of items sold will decrease by 3. What is the maximal income possible? What price should the company set to achieve this maximal income? dollars dollars
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