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[See Solution] The demand for D for an item as a function of price p is described by D(p)=(1,433,600)/(p^4) If each item costs $4.50 to produce, calculate

Question: The demand for D for an item as a function of price p is described by

\[D\left( p \right)=\frac{1,433,600}{{{p}^{4}}}\]

If each item costs $4.50 to produce, calculate the price which maximizes the profit, Calculate how many items are sold at this price and the profit made.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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