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The pounds of bananas sold each week at all Metro Seattle Alberstons stores as a function of price, p, in dollarsfpound(|b.) is given by 1.
The pounds of bananas sold each week at all Metro Seattle Alberstons stores as a function of price, p, in dollarsfpound(|b.) is given by 1. What is the price elasticity of demand for bananas at $.2OJIb. '2 (nearest 0.01) Bananas are at that price? 2. What is the price elasticity of demand for bananas at $'lx'lb. f" l Bananas are at that price? 3. At what price is the maximum revenue per week achieved?' l dollars +;'- $0.01 4. What is that maximum revenue per week? ] dollars 5. How many pounds will be sold each week at that optimal pricel (nearest pound)
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