A lighting Products company has put a new brand of solar lightbulbs on the market the graph shows the estimated revenue in milli

Question

2 years ago

12

ons of dollars as the selling price of the lightbulb varies.
What selling price is to be expected to produce the maximum revenue

2 answers:

Tema [17] · Answer 1 · 2022-09-02T19:01:44+03:00

Tema [17]2 years ago

8 0

Answer:

$5

Step-by-step explanation:

Gekata [30.6K] · Answer 2 · 2022-09-02T21:17:18+03:00

Answer:

Answer is $5.00.

Step-by-step explanation:

The lighting products company has put a new brand of solar light bulbs on the market.

Graph attached shows the estimated revenue in million dollars at y - axis and selling price of the light bulb represented on x - axis.

Graph analysis

Maximum revenue generated from the graph is given as 3 million dollars.

For this maximum revenue of 3 million dollars price of the bulb was $5.00.

Therefore, $5.00 is the selling price of the bulb for which maximum revenue is expected.