19) A beverage company works out a demand function for its sale of soda and finds it to be q-D(x)=3300-26x, where q- the quantity of sodas sold when the price per can, in cents, is x. At a price of 118 cents per can, will a small increase in price cause the total revenue to increase, decrease, or stay the same? A) Decrease B) Stay the same C) Increase 19)

19) A beverage company works out a demand function for its sale of soda and finds it to be q-D(x)=3300-26x, where q- the quantity of sodas sold when the price per can, in cents, is x. At a price of 118 cents per can, will a small increase in price cause the total revenue to increase, decrease, or stay the same? A) Decrease B) Stay the same C) Increase 19)

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter12: More Realistic And Complex Pricing

Section: Chapter Questions

Problem 12.1IP

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