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The Quantity Q of Zeng Athletic Shoes Which Are Sold f(150)=100f ^ { \prime } ( 150 ) = - 100

Question 215

Essay

The quantity q of Zeng Athletic Shoes which are sold depends on the selling price p. [That is, q = f(p).]
(a) If you know that f (150) = 14,000, what can you say about the sale of these shoes?
(b) If you know that f(150)=100f ^ { \prime } ( 150 ) = - 100 , what does that tell you about the sale of these shoes?
(c) The total revenue, R, earned through the sale of Zeng shoes is given by R=pqR = p \cdot q . Find dRdp when p=150\frac { d R } { d p } \text { when } p = 150 (d) Suppose that the shoes are currently priced at $150. What effect will lowering the price likely have on the total revenue? Justify your answer.

Correct Answer:

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(a) 14,000 pairs of shoes would be sold ...

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