document.write( "Question 143223: Pls help me.\r
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document.write( "Steve owns a hotdog stand. He has found that sales of hot dogs average 45,000 hot dogs a year when the hot dogs sell for $2.50 each. For each 50 cent increase in the price, the number of hotdogs sold drop by 5000. What price per hot dog should Steve charge to realize the maximum revenue? \n" );
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Algebra.Com's Answer #104222 by vleith(2983)![]() ![]() ![]() You can put this solution on YOUR website! Revenue = Quantity*Price\r \n" ); document.write( "\n" ); document.write( "Price = 2.50 + 0.0001(45000-Q) Q <= 45000\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "There are several ways to solve this. If you understand calculus, take the first derivative and solve for the max.\r \n" ); document.write( "\n" ); document.write( "If you want to just use simple algebra, find the two places where the Revenue is 0 and then split the difference.\r \n" ); document.write( "\n" ); document.write( "If you are good with parabolas, find the vertex.\r \n" ); document.write( "\n" ); document.write( "whichever way, you find the most revenue selling 35,000 dogs\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |