Business, 07.08.2019 00:30 therealdest
The pounds of bananas sold each week at all metro seattle alberstons stores as a function of price, p , in dollars/pound(lb.) is given by q ( p ) = 100 e 1.5 ( 5 − p ) 1. what is the price elasticity of demand for bananas at $.20/lb. ? .30 correct (nearest 0.01) bananas are correct at that price? 2. what is the price elasticity of demand for bananas at $1/lb. ? 1.50 correct bananas are correct at that price? 3. at what price is the maximum revenue per week achieved? .66 correct +/- $0.01 4. what is that maximum revenue per week? incorrect 5. how many pounds will be sold each week at that optimal price
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