Question

The accompanying graph shows the revenue from sales of summer sandals. a) At what price will the company receive the maximum amount of revenue? 40+ 45- 35+ Revenue(1005) b) What is the meaning of the increasing region? 20- 18+ 10+ sh c) What is the meaning of the decreasing region? -10 -5+ 10 20 30 40 50 60 70 80 90 11 Selling Price(8) d) What happens to sales if the item is priced at over $85? The cost of carrying this sandal in the store is shown by the linear relation in this graphical model. The intersection points of the graphs show the points where the revenue equals the cost of carrying the item. This is called the breakeven point. Where the revenue graph appears above the cost graph, the store will make a profit. What is the lowest and highest 45+ price the manager can place on the sandals and still make a 40+ profit? 301 Revenue 1005 20+ 15+ 10+ 5+ -10 -5+ 10 20 30 40 30 60 70 80 90 L Seling Price($)

Answer 1

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