: Determining the optimal price point for a new product.
Given a quadratic revenue function and linear cost, Budnick shows that maximum profit occurs where marginal revenue equals marginal cost (( MR = MC )). Frank S Budnick Applied Mathematics For Business
In the world of higher education, few textbooks achieve the status of a "legend." Most are updated, retired, and forgotten within a few years. However, for over three decades, one title has remained a cornerstone in the libraries of economics, finance, and business administration students: . : Determining the optimal price point for a new product