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Maximum Revenue When a wholesaler sold a product at $50 per unit, sales were 240 units per week. After a price increase of $5, however, the average number of units sold dropped to 220 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue? $ Need Help? Read It Watch It

Maximum Revenue When a wholesaler sold a product at $50 per unit, sales were 240 units per week. After a price increase of $5, however, the average number of units sold dropped to 220 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue? $ Need Help? Read It Watch It

Intermediate Algebra
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
Section9.CR: Review Problem Set
Problem 24CR: An outpatient operating room charges each patient a fixed amount per surgery plus an amount per...
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Maximum Revenue 5. When a wholesaler sold a product at $50 per unit, sales were 240 units per week. After a price increase of $5, however, the average number of units sold dropped to 220 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue?
Maximum Revenue When a wholesaler sold a product at $50 per unit, sales were 240 units per week. After a price increase of $5, however, the average number of units sold dropped to 220 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue? $ Need Help? Read It Watch It
Transcribed Image Text:Maximum Revenue When a wholesaler sold a product at $50 per unit, sales were 240 units per week. After a price increase of $5, however, the average number of units sold dropped to 220 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue? $ Need Help? Read It Watch It
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