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kristy.ss
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I am having trouble getting this problem started.
An oil producing country can sell 1 million barrels of oil a day at a price of $120 per barrel. If each $1 price increase will result ina sales decrease of $10,000 barrels per day, what price wil maximize the country's revenue? How many barrels will it sell at that price?
An oil producing country can sell 1 million barrels of oil a day at a price of $120 per barrel. If each $1 price increase will result ina sales decrease of $10,000 barrels per day, what price wil maximize the country's revenue? How many barrels will it sell at that price?