Refer to Problem 67. What price will maximize the revenue from selling fries? Problem 67 The price-demand
Question:
Problem 67
The price-demand equation for an order of fries at a fast-food restaurant is
x + l,000p = 2,500
Currently, the price of an order of fries is $0.99. If the price is decreased by 10%, will revenue increase or decrease?
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Step by Step Answer:
From Problem 67 we have Rp p2500 1...View the full answer
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Related Book For 
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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