subject
Mathematics, 03.10.2021 17:30 theebtful1

Until recently, hamburgers at the city sports arena cost $2.60 each. The food concessionaire sold an average of 14000 hamburgers on game night. When the price was raised to $3.00, hamburger sales dropped off to an average of 10000 per night. (a) Assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue.
(b) If the concessionaire had fixed costs of $2500 per night and the variable cost is $0.70 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 22.06.2019 00:00, boxergirl2062
Two consecutive negative integers have a product of 30. what are the integers?
Answers: 2
image
Mathematics, 22.06.2019 04:30, glocurlsprinces
Consider the linear model for a two-stage nested design with b nested in a as given below. yijk=\small \mu + \small \taui + \small \betaj(i) + \small \varepsilon(ij)k , for i=1,; j= ; k=1, assumption: \small \varepsilon(ij)k ~ iid n (0, \small \sigma2) ; \small \taui ~ iid n(0, \small \sigmat2 ); \tiny \sum_{j=1}^{b} \small \betaj(i) =0; \small \varepsilon(ij)k and \small \taui are independent. using only the given information, derive the least square estimator of \small \betaj(i) using the appropriate constraints (sum to zero constraints) and derive e(msb(a) ).
Answers: 2
image
Mathematics, 22.06.2019 05:00, sarahbug56
Find two numbers if their ratio is 4: 7 and their difference is 123.
Answers: 1
image
Mathematics, 22.06.2019 05:30, afropenguin2853
On every three hamburgers that mcdonald’s make they use 9 pickles how many pickles would they use on 99 burgers
Answers: 1
You know the right answer?
Until recently, hamburgers at the city sports arena cost $2.60 each. The food concessionaire sold an...

Questions in other subjects: