Answer:
Price = $4.50
Maximum revenue = $2,430
Step-by-step explanation:
The concession stand sells 600 bags of peanut at $4.00 (600, $4.00).
If there is a $1 increase in price, the number of bags old will decrease by 120, which mens that 480 bags of peanuts will be sold at $5.00 (480, $5.00).
Tracing a linear relationship between price and quantity sold with the two given points:


The revenue function is given by the price multiplied by the quantity sold:

The value of 'Q' for which the derivate of the revenue function is zero, is the output level for which revenue is maximum:

The total revenue of 540 units at $4.50 per unit is:

Answer:
Dale invested in fund B $8,000
Step-by-step explanation:
We can arrange the given information into the nex equation:
4000*5% + x*2% = (4000+x)*3%
4000*0.05 + 0.02x = 4000*0.03 + 0.03x
200 + 0.02x = 120 + 0.03x
200 - 120 = 0.03x - 0.02x
80 = 0.01x
x = 80/0.01
x = 8,000 He invested in fund B.
Answer:
-1
Step-by-step explanation:
Answer:
line EF all of the lines pass over those 2 points