Answered

IDNLearn.com offers a comprehensive solution for all your question and answer needs. Whether your question is simple or complex, our community is here to provide detailed and trustworthy answers quickly and effectively.

a store has been selling 200 dvd burners sold per week at 550 each. a market survey indicates that for each $ 40 rebate offered to buyers, the number of units sold will increase by 80 a week. find the demand function and the revenue function. how large a rebate should the store offer to maximize its revenue?

Sagot :

According to the demand and revenue functions, the retailer should provide a 125 dollar rebate to optimize income.

What does "demand function" mean?

Request Action. A demand function is described by the equation p=f(x), p = f (x), where p represents the unit price and x represents the quantity in question. A demand function is typically characterized as a decreasing function of x, meaning that it gets smaller as x grows.

What makes demand function crucial?

The relationship between a commodity's quantity desired by consumers and its price is represented by the demand function. Probably the most crucial instruments employed by economists are these procedures.

To know more about Demand Function visit:

https://brainly.com/question/28198225

#SPJ4

We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. IDNLearn.com is your go-to source for dependable answers. Thank you for visiting, and we hope to assist you again.