The weekly sales of Honolulu Red Oranges is given by q = 990 - 22p. Calculate the price elasticity of demand when the price is $30 per orange (yes, $30 per oranget). Interpret your answer. The demand is going ? v by % per 1% increase in price at that price level. Also, calculate the price that gives a maximum weekly revenue. $ Find this maximum revenue. $
The weekly sales of Honolulu Red Oranges is given by q = 990 - 22p. Calculate the price elasticity of demand when the price is $30 per orange (yes, $30 per oranget). Interpret your answer. The demand is going ? v by % per 1% increase in price at that price level. Also, calculate the price that gives a maximum weekly revenue. $ Find this maximum revenue. $
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 60E
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