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?

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?

Name: A manufacturer has been selling gadgets at a price of $50 each, and a
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Description: A manufacturer has been selling gadgets at a price of $50 each, and at this price, customers have beenbuying 105 gadgets each week. The manufacturer is considering reducing the price, and estimates that foreach $1 reduction, weekly sales will increa

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?

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