The price-demand equation for hamburgers at Yaster's Burgers is x+ 423 p 2,934, %3! where p is the price of a hamburger in dollars and x is the number of hamburgers demanded at that price. What price will maximize the revenue for Yaster's? Round to the nearest cent. %24 per hamburger

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
icon
Related questions
Question
100%

Business calculus 

**Revenue and Elasticity**

The price-demand equation for hamburgers at Yaster’s Burgers is

\[ x + 423p = 2,934, \]

where \( p \) is the price of a hamburger in dollars and \( x \) is the number of hamburgers demanded at that price.

What price will maximize the revenue for Yaster’s? Round to the nearest cent.

\$ _______ per hamburger
Transcribed Image Text:**Revenue and Elasticity** The price-demand equation for hamburgers at Yaster’s Burgers is \[ x + 423p = 2,934, \] where \( p \) is the price of a hamburger in dollars and \( x \) is the number of hamburgers demanded at that price. What price will maximize the revenue for Yaster’s? Round to the nearest cent. \$ _______ per hamburger
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning