n R(p,q). Evaluate R(2,3) and R(3,2). nswer.) nswer.)

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Q6

A supermarket sells two brands of coffee: brand A at $p per pound and brand B at $q per pound.
The daily demand equations for brands A and B are given below, respectively (in pounds).
х%3D 150 - 5р +4g
у %3D 350 + Зр —7q
Find the daily revenue function R(p,q). Evaluate R(2,3) and R(3,2).
...
R(p,q) =
R(2,3) = $
(Simplify your answer.)
R(3,2) = $
(Simplify your answer.)
Transcribed Image Text:A supermarket sells two brands of coffee: brand A at $p per pound and brand B at $q per pound. The daily demand equations for brands A and B are given below, respectively (in pounds). х%3D 150 - 5р +4g у %3D 350 + Зр —7q Find the daily revenue function R(p,q). Evaluate R(2,3) and R(3,2). ... R(p,q) = R(2,3) = $ (Simplify your answer.) R(3,2) = $ (Simplify your answer.)
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