A lighting Products company has put a new brand of solar lightbulbs on the market the graph shows the estimated revenue in milli 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:
Answer:
$5
Step-by-step explanation:
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.
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Answer:
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Step-by-step explanation:
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Step-by-step explanation:
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