OPTIMIZATION: Price Of CD Player That Will Maximize Revenue

In this video, I share with you steps for using derivatives to solve the optimization word problem. An electronics store is selling personal CD players. The regular price for each CD player is $90. During a typical two weeks, the store sells 50 units. Past sales indicate that for every $1 decrease in price, the store sells five more units during two weeks. Calculate the price that will maximize revenue. @24x7MathTutor #calculus #derivativeformulas #derivatives #derivativesofthefunction #derivative #powerrule #maximizerevenue #optimization #optimizationtechniques #wordproblem #wordproblems #algebraicequations #algebra #algebraicexpression #simplifyexpressions #solvingequations #maths #mathematics #math #revenue #revenueoptimization #maximum