Suppose the Quantity Demanded Per Week of a Certain Dress

question 65

Short Answer

Suppose the quantity demanded per week of a certain dress is related to the unit price p by the demand equation , where p is in dollars and x is the number of dresses made.
To maximize the revenue, how many dresses should be made and sold each week? (Hint: R(x) = px.) Round the answer to the nearest integer.
__________ dresses

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Definitions:

Common Stock

Equity ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to investors.

Economic Resource

A resource with the ability to produce economic benefits for its holder, typically assets owned by an individual or entity.