Worldwide annual sales of a device in 2020-2024 were projected as q = -2.5p+1,830 million units at a selling price of $p per unit. Assuming a manufacturing cost of $100 per unit, what selling price would result in the largest annual profit? (Round your answer to two decimal places.) P= $416 ✔Nicely done. What is the resulting annual profit (in millions of dollars)? HINT [See Example 3, and recall that Profit= Revenue - Cost.] (Round your answer to the nearest whole number.) $ 252,200 X million
Worldwide annual sales of a device in 2020-2024 were projected as q = -2.5p+1,830 million units at a selling price of $p per unit. Assuming a manufacturing cost of $100 per unit, what selling price would result in the largest annual profit? (Round your answer to two decimal places.) P= $416 ✔Nicely done. What is the resulting annual profit (in millions of dollars)? HINT [See Example 3, and recall that Profit= Revenue - Cost.] (Round your answer to the nearest whole number.) $ 252,200 X million
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Worldwide annual sales of a device in 2020-2024 were projected as q = -2.5p + 1,830 million units at a selling price of $p per unit. Assuming a manufacturing cost of $100
per unit, what selling price would result in the largest annual profit? (Round your answer to two decimal places.)
P = $416
Nicely done.
What is the resulting annual profit (in millions of dollars)? HINT [See Example 3, and recall that Profit = Revenue - Cost.] (Round your answer to the nearest whole number.)
$ 252,200
X million](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F54cd7557-de6f-4af4-8ae2-06fb3ac34f96%2F11bb0ed8-df8b-4a9f-b682-5b4cc0e90988%2Fwwy1xx5h_processed.png&w=3840&q=75)
Transcribed Image Text:Worldwide annual sales of a device in 2020-2024 were projected as q = -2.5p + 1,830 million units at a selling price of $p per unit. Assuming a manufacturing cost of $100
per unit, what selling price would result in the largest annual profit? (Round your answer to two decimal places.)
P = $416
Nicely done.
What is the resulting annual profit (in millions of dollars)? HINT [See Example 3, and recall that Profit = Revenue - Cost.] (Round your answer to the nearest whole number.)
$ 252,200
X million
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