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    Price Demand 180 2 181.8 1.94 F (X) 0.033333333333333 X + 7.99999999999997 R 1

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    CH NAIR
    The document analyzes the relationship between price and demand for a product based on the linear function demand = 8 -.03333price. It finds that setting a price of $195.02 maximizes profit at $67.53 million by calculating the price where demand is equal to the unit cost of $150.

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    Price Demand 180 2 181.8 1.94 F (X) 0.033333333333333 X + 7.99999999999997 R 1

    Uploaded by

    CH NAIR
    11 views2 pages
    The document analyzes the relationship between price and demand for a product based on the linear function demand = 8 -.03333price. It finds that setting a price of $195.02 maximizes profit at $67.53 million by calculating the price where demand is equal to the unit cost of $150.

    Original Title

    s84_1

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    The document analyzes the relationship between price and demand for a product based on the linear function demand = 8 -.03333price. It finds that setting a price of $195.02 maximizes profit at $67.53 million by calculating the price where demand is equal to the unit cost of $150.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    11 views2 pages

    Price Demand 180 2 181.8 1.94 F (X) 0.033333333333333 X + 7.99999999999997 R 1

    Uploaded by

    CH NAIR
    The document analyzes the relationship between price and demand for a product based on the linear function demand = 8 -.03333price. It finds that setting a price of $195.02 maximizes profit at $67.53 million by calculating the price where demand is equal to the unit cost of $150.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    price demand

    180 2
    181.8 1.94 f(x) = − 0.033333333333333 x + 7.9999999999
    1
    R² = 1 2
    Lin
    demand = 8 -.03333price (2

    price 195.012
    unit cost 150
    demand 1.50025 price of $195.02 maximizes profit at
    profit 67.52925 $67.53 million
    33333333333 x + 7.99999999999997
    1
    2
    Linear
    (2)

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