Question: Math 1131 - Spring 202 (3). You are able to sell 15 gallons of ghost pepper sauce per month at a price of $200 per

 Math 1131 - Spring 202 (3). You are able to sell

Math 1131 - Spring 202 (3). You are able to sell 15 gallons of ghost pepper sauce per month at a price of $200 per gallon. Re- search shows that for every $9 reduction in price that you can expect to sell 2 more gallons of sauce each month. (a) (13 points) How much should you charge in order to maximize monthly revenue? Round your response to two decimal places. (b) (4 points) What is the maximum monthly revenue? Round your response to two decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!