SOLUTION: QUESTION: Apple sells 1200 of their iPods at price of 200. They know that for every $5.00 decrease in price , 75 more iPods will sell but they will not drop the price below 115.0
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Question 989542: QUESTION: Apple sells 1200 of their iPods at price of 200. They know that for every $5.00 decrease in price , 75 more iPods will sell but they will not drop the price below 115.00. write the number of iPods n as a function of the price p.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
answer
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is the lowest price that can be charged
is the most ipods that can be sold
by dropping the price
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Here's the plot of
Note that the horizontal line is at ( p,n ) = ( 115, 2475 )
showing the lowest possible price and most ipods that can be sold
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