Estimate the optimal selling price


Solve the below:

Q: A manufacturer can produce bookcases at a cost of $80 apiece. Sales figures indicate that if the bookcases are sold for x dollars apiece, approximately 150 - x will be sold each month.

a) Express the manufacturer's monthly profit as a fucntion of the selling price x

b) Draw the graph

c) Estimate the optimal selling price

 

Solution Preview :

Prepared by a verified Expert
Engineering Mathematics: Estimate the optimal selling price
Reference No:- TGS01930205

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)