Question
The weekly sales of Honolulu Red Oranges is given by q =95711 p Calculate the price elasticity of demand when the price is$29per orange (yes,$29per
The weekly sales of Honolulu Red Oranges is given byq=95711p
Calculate the price elasticity of demand when the price is$29per orange (yes,$29per orange). HINT [See Example 1.]
Also, calculate the price that gives a maximum weekly revenue.
$
Find this maximum revenue.
$
Write out your work and solution on separate paper. Make sure to number the problem on your paper and box your final answer. You will need to upload your work for questions #10-13 after the exam for a chance to receive full credit on these problems.
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Introduction to Probability
Authors: Mark Daniel Ward, Ellen Gundlach
1st edition
716771098, 978-1319060893, 1319060897, 978-0716771098
