A dog food producer reduced the price of a dog food. With the price at $12...
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A dog food producer reduced the price of a dog food. With the price at $12 the average monthly sales has been 24000. When the price dropped to $10, the average monthly sales rose to 31000. Assume that monthly sales is linearly related to the price. What price would maximize revenue? $ Suppose the demand for a product is given by D(p) = -2p+ 116. A) Calculate the elasticity of demand at a price of $52. Elasticity = (Round to three decimal places.) B) At what price do you have unit elasticity? (Round your answer to the nearest penny.) Price = $ Given the demand function D(p)=100 - 4p, How many products will be sold if the price is $13? Find the Elasticity function E(p) Find the Elasticity of Demand at a price of $13 A dog food producer reduced the price of a dog food. With the price at $12 the average monthly sales has been 24000. When the price dropped to $10, the average monthly sales rose to 31000. Assume that monthly sales is linearly related to the price. What price would maximize revenue? $ Suppose the demand for a product is given by D(p) = -2p+ 116. A) Calculate the elasticity of demand at a price of $52. Elasticity = (Round to three decimal places.) B) At what price do you have unit elasticity? (Round your answer to the nearest penny.) Price = $ Given the demand function D(p)=100 - 4p, How many products will be sold if the price is $13? Find the Elasticity function E(p) Find the Elasticity of Demand at a price of $13
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