Due to the pandemic, Old European restaurant needs to limit its hourly capacity to 40 customers. The

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Question:

Due to the pandemic, Old European restaurant needs to limit its hourly capacity to 40 customers. The restaurant used to face a daily price-response function in the form of d(p)=200-10p for a meal (p is the average selling price per meal). Find the restaurant's optimal selling price and the optimal total revenue.

a. Optimal selling price: (Round your final answer to 2 decimal places.)

b. Optimal total revenue: (Round your final answer to 2 decimal places.)