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Revenue and elasticity. The price-demand equation for hamburgers at a fast-food restaurant is x + 400p 3,000 Currently, the price of a hamburger is
Revenue and elasticity. The price-demand equation for hamburgers at a fast-food restaurant is x + 400p 3,000 Currently, the price of a hamburger is $3.00. If the price is increased by 10%, will revenue increase or decrease? Revenue and elasticity. Refer to Problem 85. If the current price of a hamburger is $4.0, will a 10% price increase cause revenue to increase or decrease?
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Advanced Engineering Mathematics
Authors: Erwin Kreyszig
2nd Edition
471889415, 978-0471889410
