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A store sells 380 frozen yogurt cakes per week at a price of $12.50 each. A market survey indicates that for each $0.25 decrease in
A store sells 380 frozen yogurt cakes per week at a price of $12.50 each. A market survey indicates that for each $0.25 decrease in price, five more cakes will be sold each week. a) Write the demand function. b) Write the revenue function. c) Determine the marginal revenue. d) For what price is the marginal revenue zero? Interpret the meaning of this value
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