The demand for brownie dishes is q(p)=361,201-(p+1)^2 where q is the number of dishes they can sell each month at a price of p cents. Use this function to determine a) the number of dishes they can sell each month if the price is 50 cents, b)the number of dishes they can unload each month if they give them away, and c)the lowest price at which they will be unable to sell any dishes
The demand for brownie dishes is q(p)=361,201-(p+1)^2 where q is the number of dishes they can sell each month at a price of p cents. Use this function to determine a) the number of dishes they can sell each month if the price is 50 cents, b)the number of dishes they can unload each month if they give them away, and c)the lowest price at which they will be unable to sell any dishes
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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VIEWStep 3: Calculate the number of dishes they can unload each month if they give them away
VIEWStep 4: Calculate the price at which the firm won't sell anything at all
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