A specialty tea shop sells green tea for $5.50 a package and Jasmine tea for $3.80 a package. a) If


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
See Answer: The solution consists of 1 page
Deliverables: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in