umer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (84 – 2p)², where p is the price per dumbbell, and q is r Schwarzenegger should charge for his dumbbells to maximize revenue. (Round your answer to the nearest cent.) %3D
umer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (84 – 2p)², where p is the price per dumbbell, and q is r Schwarzenegger should charge for his dumbbells to maximize revenue. (Round your answer to the nearest cent.) %3D
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (84 - 2p)2, where p is the price per dumbbell, and q is the demand in weekly sales. Find the price
Professor Schwarzenegger should charge for his dumbbells to maximize revenue. (Round your answer to the nearest cent.)
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3846dbf-69f8-45b6-999f-7956e81b865c%2Fc1bc34f0-1b02-405f-94f6-3976a8bea4be%2Fli3h53_processed.png&w=3840&q=75)
Transcribed Image Text:The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (84 - 2p)2, where p is the price per dumbbell, and q is the demand in weekly sales. Find the price
Professor Schwarzenegger should charge for his dumbbells to maximize revenue. (Round your answer to the nearest cent.)
$
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