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A school typically sells 500 yearbooks in a year for $50 each. The economics class does a project and discovers that they can sell 125 more yearbooks for every $5 decrease in price. The revenue for ye
A school typically sells 500 yearbooks in a year for $50 each. The economics class does a project and discovers that they can sell 125 more yearbooks for every $5 decrease in price. The revenue for yearbook sales is R(x)=(500+125x)(50-5x)
-To maximize profit, what price should the school charge for the yearbooks?
-What is the possible maximum revenue?
-If the school attains the maximum revenue, how many yearbooks will they sell?