Refer to Problem 65. If the current price of a hamburger is $4.00, will a 10% price
Question:
Problem 65
The price-demand equation for hamburgers at a fast-food restaurant is
x + 400p = 3,000
Currently, the price of a hamburger is $3.00. If the price is increased by 10%, will revenue increase or decrease?
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x 3000 400p Thus a 10 ...View the full answer
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Related Book For 
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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