Provide a response to the business scenario below. If a book costs $4.99 and 1,025 books were sold, then it was on sale

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Provide a response to the business scenario below. If a book costs $4.99 and 1,025 books were sold, then it was on sale

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Provide A Response To The Business Scenario Below If A Book Costs 4 99 And 1 025 Books Were Sold Then It Was On Sale 1
Provide A Response To The Business Scenario Below If A Book Costs 4 99 And 1 025 Books Were Sold Then It Was On Sale 1 (15.13 KiB) Viewed 9 times
Provide a response to the business scenario below. If a book costs $4.99 and 1,025 books were sold, then it was on sale for $2.99 and 1,892 copies were sold. 1. What is the demand equation q(p) (hint: form 2 points (p, q) first, it's ok to use decimals but don't round too much for accuracy). 2. What is the Revenue equation R(p) (hint: R -p'q)? 3. Find the maximum revenue using 1st or 2nd derivative test (show it). 4. What is the optimal price for the book? What is the amount of books sold?
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