do fast 1. A bakery can sell x =12000p+24- 20 artisanal cakes at aprice of p dollars per cake. The current price is $100.A. If the price is slightly lowered, will revenue increase ordecrease?B. Find the price at which revenue is at a maximum.

Answered: 1. A bakery can sell x = 12000 p+24 -…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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1. A bakery can sell x = 12000 p+24 - 20 artisanal cakes at a price of p dollars per cake. The current price is $100. A. If the price is slightly lowered, will revenue increase or decrease? B. Find the price at which revenue is at a maximum.