A beverage stand sells 500 smoothies per week at a price of $1.20 each, For every 50.10 decrease in price, the number so
Posted: Tue May 10, 2022 11:47 am
A beverage stand sells 500 smoothies per week at a price of $1.20 each, For every 50.10 decrease in price, the number sold per week increases by 20. The cost of smoothies is given by ) - 25.0.122+0.0012. a. Determine the demand function p(x), based on the number of items sold b. Determine the revenue function (R(x)=xp(x)) c. Determine the marginal revenue when 300 smoothies are sold d. Determine the marginal profit when 200 smoothies are sold.