Mathematics, 26.03.2020 21:07 tay9625

During the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $10 each and his sales averaged 20 per day. When he increased the price by $1, he found that the average decreased by two sales per day. (a) Find the demand function (price p as a function of units sold x), assuming that it is linear. p(x) = $$ Correct: Your answer is correct. (b) If the material for each necklace costs Terry $8, what should the selling price be to maximize his profit? $14 Correct: Your answer is correct. per necklace

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During the summer months Terry makes and sells necklaces on the beach. Last summer he sold the neckl...