Maximize the revenue Catherine de Medici wants to purchase some of your nitre stockpile. Her initial proposalis to buy 5.5 tonnes at a price of 10 livre tournois. Your spies have determined that forlivre reduction in price that she would purchase 0.3 more tonnes of nitre. How much shouldcharge in order to maximize the revenue of this sale?every0.2you

Name: Maximize the revenue Catherine de Medici wants to purchase some of you
Uploaded: 2024-03-20T07:07:26.000Z
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Description: Maximize the revenue Catherine de Medici wants to purchase some of your nitre stockpile. Her initial proposalis to buy 5.5 tonnes at a price of 10 livre tournois. Your spies have determined that forlivre reduction in price that she would purchase 0.3

Assume P be the price in livres tournois and Q be the quantity in tonnes. Calculate the revenue…

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Calculus

Catherine de Medici wants to purchase some of your nitre stockpile. Her initial proposal is to buy 5.5 tonnes at a price of 10 livre tournois. Your spies have determined that for every 0.2 livre reduction in price that she would purchase 0.3 more tonnes of nitre. How much should you charge in order to maximize the revenue of this sale?