SOLUTION: The stadium vending company finds that sales of hot dogs average 31,000 hot dogs per game when the hot dogs sell for $2.50 each. For each 50 cent increase in the price, the sales p

Question 365305: The stadium vending company finds that sales of hot dogs average 31,000 hot dogs per game when the hot dogs sell for $2.50 each. For each 50 cent increase in the price, the sales per game drop by 5000 hot dogs. What price per hot dog should be vending company charge to realize the maximum revenue? What is the maximum revenue?
Answer by karma333(1) (Show Source): You can put this solution on YOUR website!
The stadium vending company finds that sales of hot dogs average 31,000 hot dogs per game when the hot dogs sell for $2.50 each. For each 50 cent increase in the price, the sales per game drop by 5000 hot dogs. What price per hot dog should be vending company charge to realize the maximum revenue? What is the maximum revenue?
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