A small company has the marketing information that 35 units W 34.75 per unit, and that sales will rise to 36 units per day at a prio se this information to create a linear demand function, then creat nction and find the price that will yield the maximum revenue.
A small company has the marketing information that 35 units W 34.75 per unit, and that sales will rise to 36 units per day at a prio se this information to create a linear demand function, then creat nction and find the price that will yield the maximum revenue.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:1) A small company has the marketing information that 35 units will sell daily at a price of
$34.75 per unit, and that sales will rise to 36 units per day at a price of $33.06 per unit.
Use this information to create a linear demand function, then create the associated revenue
6-
function and find the price that will yield the maximum revenue.
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