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Business, 07.11.2019 01:31 jayjinks976

Bob sells tires. he knows that his weekly sales drop if he increases the unit price p (in dollars). the weekly sales are given by an unknown function n(p). his weekly revenue is r(p)=pn(p). bob is currently selling tires for 100 dollars each. his weekly sales are running at 120 tires per week, so n(100)=120. his marketing department estimates that he will lose 2 sales per week for each 10 dollar increase in unit price, so n′(100)=−0.2. estimate bob's increase in weekly revenue for each one dollar increase in tire price.

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