The weekly sales of Honolulu Red Oranges is given by q = 1116 − 18 p .
Calculate the price elasticity of demand when the price is $31 per orange (yes, $31 per orange ). Elasticity = ______
Interpret your answer.
The demand is going down by ______ % per 1% increase in price at that price level.
Also, calculate the price that gives a maximum weekly revenue.
Find this maximum revenue.
Needs help with similar assignment?
We are available 24x7 to deliver the best services and assignment ready within 3-4 hours? Order a custom-written, plagiarism-free paper
Math homework helpDo not let math assignments discourage you from trying your best. One of our math experts can help you with math homework online. Our math tutors can help you with any level of algebra, calculus, or geometry. Ask your question to get the support you need 24/7.
Order Over WhatsApp Place an Order Online