question 5 mr. porter sells 10 bottles of champagne per week at a price of $100 per bottle. he can sell 11 bottles per week if h

Question

Degger [83]

2 years ago

12

question 5 mr. porter sells 10 bottles of champagne per week at a price of $100 per bottle. he can sell 11 bottles per week if h

e lowers the price to $90 per bottle. the quantity and the price effects on total revenue would be, respectively:

Business

1 answer:

Natali5045456 [20] · Answer 1 · 2023-06-20T11:01:23+03:00

As per the given data, there is An increase of $90 and a decrease of $100.

( bottle cost 90x10 =900 and 90x11=990; increase of $90)

(Total Revenue: 100x10=1000 , 90x10=900; difference is 100)

<h3>What is revenue?</h3>

While doing any kind of business, a person always invests some money and tries to generate a profit. This can be done with the help of operations calculations.

After an average sale that has been done. This kind of work or activity is done in the case of revenue. One can easily calculate the revenue by putting the given value into the formula.

Thus, in the case of Mr. Potter, after selling 11 bottles per week, the total revenue will be a difference of a hundred dollars.

Learn more about revenue from here:

brainly.com/question/8645356

#SPJ4