Question
When a wholesaler sold a product at $30 per unit, sales were 390 units per week....
When a wholesaler sold a product at $30 per unit, sales were 390
units per week. After a
price increase of $5, however, the average number of units sold
dropped to 365 per week. Assuming
that the demand function is linear, what price per unit will yield
a maximum total revenue?
Homework Answers
Answer #1
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