Find the Price That Maximizes the Profit If the Demand

question 201

Short Answer

Find the price that maximizes the profit if the demand for a product varies from 100 at a price of $800 each to 400 at a price of $200 each. Also, 100 could be supplied at a price of $500 each, whereas 900 could be supplied for $1,300 each. Assume that supply and demand are linear.
$__________

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Definitions:

Synapse

The junction between the axon tip of the sending neuron and the dendrite or cell body of the receiving neuron. The tiny gap at this junction is called the synaptic gap or synaptic cleft.

Visual Cortex

The part of the brain responsible for processing visual information, located in the occipital lobe.

Color Receptors

Specialized types of cells in the eyes, primarily cones, that respond to and process color.

Sensitive

The quality of being able to detect or respond to slight changes, signals, or influences.