SOLUTION: A food truck sells 60 hot dogs each day when it charges $4.00 per hot dog. For a $0.50 decrease in price, the food truck sells 10 more hot dogs.
a. How much should the food tru
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Question 1051678: A food truck sells 60 hot dogs each day when it charges $4.00 per hot dog. For a $0.50 decrease in price, the food truck sells 10 more hot dogs.
a. How much should the food truck charge to maximize daily revenue?
The food truck should charge $__ per hot dog.
b. What is the maximum daily revenue?
The maximum daily revenue is $__.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = number of $.50 increases in price
Let = the price of hot dogs
The n-value of is
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(a)
The food truck should charge $3.50 per hot dog
(b)
The maximum daily revenue is $245
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