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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
16 Nov 2021

Given information

Given :- A manufacturer has been selling 1000 television sets a week at $450 each.

To find :-  How large a rebate should the company offer the buyer in order to maximize its revenue?

Step-by-step explanation

Step 1.

Revenue function = The product of per unit times the number of unit sold, 

   

           

Differentiate on both sides,

   

Solve   , and simplify it, 

 

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