Homework Help is Here – Start Your Trial Now!
Math
Calculus
A deli sells 640 sandwiches per day at a price of $8 each. ..... A) A market survey shows that for every $0.10 reduction in the price, 40 more sandwiches will be sold. How much should the deli charge in order to maximize revenue? The deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.) (B) A different market survey shows that for every $0.20 reduction in the original $8 price, 5 more sandwiches will be sold. Now how much should the deli charge in order to maximize revenue? Now the deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.)

A deli sells 640 sandwiches per day at a price of $8 each. ..... A) A market survey shows that for every $0.10 reduction in the price, 40 more sandwiches will be sold. How much should the deli charge in order to maximize revenue? The deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.) (B) A different market survey shows that for every $0.20 reduction in the original $8 price, 5 more sandwiches will be sold. Now how much should the deli charge in order to maximize revenue? Now the deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.)

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
See similar textbooks
icon
Related questions
Question
Please solve
A deli sells 640 sandwiches per day at a price of $8 each. (A) A market survey shows that for every $0.10 reduction in the price, 40 more sandwiches will be sold. How much should the deli charge in order to maximize revenue? The deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.) (B)A different market survey shows that for every $0.20 reduction in the original $8 price, 5 more sandwiches will be sold. Now how much should the deli charge in order to maximize revenue? Now the deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.)
Transcribed Image Text:A deli sells 640 sandwiches per day at a price of $8 each. (A) A market survey shows that for every $0.10 reduction in the price, 40 more sandwiches will be sold. How much should the deli charge in order to maximize revenue? The deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.) (B)A different market survey shows that for every $0.20 reduction in the original $8 price, 5 more sandwiches will be sold. Now how much should the deli charge in order to maximize revenue? Now the deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS