PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
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Chapter 1.A, Problem 1A.5CC
To determine

Estimate the value of monthly bill.

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Please help with the following question. You are able to sell 15 gallons of ghost pepper sauce per month at a price of $200 per gallon. Re- search shows that for every $9 reduction in price that you can expect to sell 2 more gallons of sauce each month. How much should you charge in order to maximize monthly revenue? Round your response to two decimal places.
how was EVwSample info calculated for this problem?
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