A manufacturer has been selling gadgets at a price of $50 each, and at this price, customers have been buying 105 gadgets each week. The manufacturer is considering reducing the price, and estimates that for each $1 reduction, weekly sales will increase by 6 gadgets. The manufacturer's production cost is $20 per gadget. At what price should the gadgets be sold to maximize the weekly profit?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A manufacturer has been selling gadgets at a price of $50 each, and at this price, customers have been
buying 105 gadgets each week. The manufacturer is considering reducing the price, and estimates that for
each $1 reduction, weekly sales will increase by 6 gadgets. The manufacturer's production cost is $20 per
gadget. At what price should the gadgets be sold to maximize the weekly profit?
Transcribed Image Text:A manufacturer has been selling gadgets at a price of $50 each, and at this price, customers have been buying 105 gadgets each week. The manufacturer is considering reducing the price, and estimates that for each $1 reduction, weekly sales will increase by 6 gadgets. The manufacturer's production cost is $20 per gadget. At what price should the gadgets be sold to maximize the weekly profit?
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