Question
A company has been selling 1200 computer games per week at $18 each. Data indicates that for each $1 price increase, there will be a loss of 40 sales per week. It costs $10 to produce each game.
a) State the revenue function
b) State the cost function
c) State the profit function
d) What price will produce the maximum profit
a) State the revenue function
b) State the cost function
c) State the profit function
d) What price will produce the maximum profit