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What price will maximize the revenue from selling hamburgers

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Maximum revenue:-

Refer to Problem. What price will maximize the revenue from selling hamburgers?

Problem:-
Revenue and elasticity. The price demand equation for hamburgers at a fast-food restaurant is x+400p=3,000.

Currently, the price of a hamburger is $3.00. If the price is increased by 10%, will revenue increase or decrease?

Reference no: EM131268746

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