Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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7. Mr. Johnson has decided they want to start selling textbooks. In the past, when they have sold
the textbook, they sold 30 calculators at $105 each. Through research they have found out that
for every $5 increase, they will lose 3 sales.
a. What is the maximum revenue?
b. What price and quantity maximize revenue?
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Transcribed Image Text:7. Mr. Johnson has decided they want to start selling textbooks. In the past, when they have sold the textbook, they sold 30 calculators at $105 each. Through research they have found out that for every $5 increase, they will lose 3 sales. a. What is the maximum revenue? b. What price and quantity maximize revenue?
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