Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A clothing company has determined that if the price of a T-shirt is K40, then 150 will be demanded by 
T-shirt wearers. When the price is K45, then 100 T-shirts are demanded by T- shirts wearers.
(a) Find the price-demand equation, assuming that it is linear.
(b) Find the revenue function.
(c) Find the number of items sold that will give the maximum revenue. What is the maximum revenue?
(d) What is the price of each item when maximum revenue is achieved?

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