Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please use Excel and show your work. I will rate.
Transcribed Image Text:(1) On a given day, the demand for a famous value burger is
d(p) = 7p + 4p² – 2e if 0 <p < 3,
where e is the exponential number. Compute the total margin/profit-maximizing price
a) (
when the cost of making a burger is 80 cents.
when the cost of making a burger is $2.
b) I
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