Chandra's Bookstore wants to find the price for maximum profit. The expense equation is E = = -3400p +30,000. The revenue equation is R=-1800p² +21,000p. Find the price for maximum profit. A. $52,688.89 B. $4.89 C. $6.78 D. $6.50

Chandra's Bookstore wants to find the price for maximum profit. The expense equation is E = = -3400p +30,000. The revenue equation is R=-1800p² +21,000p. Find the price for maximum profit. A. $52,688.89 B. $4.89 C. $6.78 D. $6.50

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 3.3IP

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7. Chandra's Bookstore wants to find the price for maximum profit. The expense
equation is E =-3400p +30,000. The revenue equation is R=-1800p² +21,000p. Find
the price for maximum profit.
A. $52,688.89
B. $4.89
C. $6.78
D. $6.50

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