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Mathematics, 20.03.2020 01:51 audjwood67
Until recently, hamburgers at the city sports arena cost $2.60 each. The food concessionaire sold an average of 14 comma 000 hamburgers on game night. When the price was raised to $3.30, hamburger sales dropped off to an average of 7 comma 000 per night. Assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. If the concessionaire has a fixed cost of $1000 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.
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Until recently, hamburgers at the city sports arena cost $2.60 each. The food concessionaire sold an...
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