Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Apr 2017 |
Last Sign in: | 234 Weeks Ago, 6 Days Ago |
Questions Answered: | 12843 |
Tutorials Posted: | 12834 |
MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
i need this done with in an hour
Â
The marketing research department of a particular lemonade stand found that the demand function for lemonade at their location can be approximated by p=6-ln where p is price per cup in dollars and x i the number of cups sold.
Â
A. Find a function of R(x), for the revemue earned from selling x cups of lemonade
Â
B. Find a function q(x), for the profit earned from selling x cups of lemonade. If each cup costs the lemoadr stand $0.25 to produce
Â
C. What would be a reasonable domain for your profit function?
Â
D. What should the lemonade stand change per cup in order to maximize profit?
-----------