A retailer has been selling 2000 tablet computers a week at $350 each. The marketing department estimates that an additional 80

Question

A retailer has been selling 2000 tablet computers a week at $350 each. The marketing department estimates that an additional 80 tablets will sell each week for every $10 that the price is lowered.
(a) Find the demand function.
(b) What should the price be set at in order to maximize revenue?
(c) If the retailer's weekly cost function is
C(x) = 25,000 + 170x,
what price should it choose in order to maximize its profit?

Kunduz · Accepted Answer

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