Question: Please help me answer these questions: Q1: (2 points) A company runs food service concessions for sporting events throughout the country. Their marketing research department

Please help me answer these questions:

Q1:

Please help me answer these questions: Q1: (2 points) A company runsfood service concessions for sporting events throughout the country. Their marketing research

(2 points) A company runs food service concessions for sporting events throughout the country. Their marketing research department chose a particular football stadium to test market a new jumbo hot dog. It was found that the demand for the new hot dog is given approximately by P=7111(x), 55.765500, where x is the number of hot dogs (in thousands) that can be sold during one game at a price of p dollars. If the company pays 1 dollar for each hot dog, how should the hot dogs be priced to maximize the profit per game? Price = (1 point) A cosmetics company is planning the introduction and promotion of a new lipstick line. The marketing research department has found that the demand in a particular city is given approximately by =' 05x52, P ex where x thousand lipsticks were sold per week at a price of p dollars each. At what price will the weekly revenue be maximized? Price = $ Note: the answer must an actual value for money, like 7.19

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