An oil-producing country can sell 7 million barrels of oil a day at a price of $90 per barrel. If each $1 price increase will result in a sales decrease of 100,000 barrels per day, what price will maximize the country's revenue?
An oil-producing country can sell 7 million barrels of oil a day at a price of $90 per barrel. If each $1 price increase will result in a sales decrease of 100,000 barrels per day, what price will maximize the country's revenue?
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 61SE: Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one...
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An oil-producing country can sell 7 million barrels of oil a day at a price of $90 per barrel. If each $1 price increase will result in a sales decrease of 100,000 barrels per day, what price will maximize the country's revenue?
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