Question

A poultry rancher discovered what when she increased the price of organic eggs from $0.75 to $1.00 per dozen, the sales of her eggs fell from 300 dozen per week to 200 dozen per week. If she wants to increase her total revenue from egg sales, she should: reduce the price of eggs back to $0.75. take up dairy farming. raise the price of eggs even more. hold the price constant at $1.00.

Answer 1

Answer:

reduce the price of eggs back to $0.75

Explanation:

She should reduce the price of eggs back to $0.75 if she wants to increase her total revenue from egg sales because increasing her egg price from$0.75 to $1.00 per dozen make the sales of her eggs fell from 300 dozen per week to 200 dozen per instead of increasing from 300 dozen per per week to 400 per dozen per week.

Therefore for her to makes more sales and have increase in revenue or profit she should revert the price from $1.00 back to $0.75 per dozen which it was before which will inturn leads to more sales and high revenue or profits.