Related questions with answers
Question
At the moment, OHaganBooks.com is selling 1,000 books per week and its sales are rising at a rate of 200 books per week. Also, it is now selling all its books for $20 each, but its price is dropping at a rate of$1 per week. a. At what rate is OHaganBooks.com’s weekly revenue rising or falling? b. John O’Hagan would like to see the company’s weekly revenue increase at a rate of $5,000 per week. At what rate would sales have to have been increasing to accomplish that goal, assuming all the other information is as given above?
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 7
Recall that $\text{\textcolor{#c34632}{revenue = quantity price}}$ which can be written mathematically as
Create an account to view solutions
By signing up, you accept Quizlet's Terms of Service and Privacy Policy
Create an account to view solutions
By signing up, you accept Quizlet's Terms of Service and Privacy Policy
Recommended textbook solutions

Finite Math and Applied Calculus
6th Edition•ISBN: 9781133607700 (2 more)Stefan Waner, Steven Costenoble4,880 solutions

Finite Mathematics and Calculus with Applications
9th Edition•ISBN: 9781256056706Margaret L. Lial, Nathan P. Ritchey, Raymond N. Greenwell7,504 solutions

Finite Mathematics for the Managerial Life and Social Sciences
12th Edition•ISBN: 9781337405782 (1 more)Tan, Soo3,074 solutions

More related questions
- algebra
1/4
- algebra
1/7