Bob wants to develop a prescriptive model that will help him to identify the price that maximizes the company’s total revenue. He has computed the model for sales as a function of price : Q = 150 – 2P . His next step is to:
identify the price that maximizes the total revenue TR =(150 – 2P) × P
compute average profit
Identify the quantity that maximizes the total revenue TR = 150P – 4P2
compute average price and sales
Place this order or similar order and get an amazing discount. USE Discount code “GET20” for 20% discount
