A company that manufactures beer mugs has collected the price–demand data in Table 1. A linear regression model for this data is
p(x)=9.3−0.15x
where x is the number of mugs (in thousands) that the company can sell at
a price of $ p . Find the price that maximizes the company’s revenue from the sale of beer mugs.

Question

05-10-2022
Mathematics

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A company that manufactures beer mugs has collected the price–demand data in Table 1. A linear regression model for this data is
p(x)=9.3−0.15x
where x is the number of mugs (in thousands) that the company can sell at
a price of $ p . Find the price that maximizes the company’s revenue from the sale of beer mugs.

Sagot :

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