4. A car maker finds that at a sticker price of $25,000 it can sell 3,600 cars a week in a particular region. Market research says that for each rebate (return of money to a customer) of $500 that it offers, it will sell another 600 cars a week in that region. What size of rebate should the car maker offer in order to maximize revenue? A. $14,000 B. $1,000 C. $4,000 D. $7,500 E. $11,000 F. None of the above
4. A car maker finds that at a sticker price of $25,000 it can sell 3,600 cars a week in a particular region. Market research says that for each rebate (return of money to a customer) of $500 that it offers, it will sell another 600 cars a week in that region. What size of rebate should the car maker offer in order to maximize revenue? A. $14,000 B. $1,000 C. $4,000 D. $7,500 E. $11,000 F. None of the above
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Transcribed Image Text:4. A car maker finds that at a sticker price of $25,000 it can sell 3,600 cars a week in a
particular region. Market research says that for each rebate (return of money to a
customer) of $500 that it offers, it will sell another 600 cars a week in that region. What
size of rebate should the car maker offer in order to maximize revenue?
A. $14,000
B. $1,000
C. $4,000
D. $7,500
E. $11,000
F. None of the above
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