Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a company runs food service concessions for sporti

A company runs food service concessions for sporting events throughout the country. Their marketing research...

80.2K

Verified Solution

Question

Basic Math

image

A company runs food service concessions for sporting events throughout the country. Their marketing research department chose a particular football stadium to test market a new jumbo hot dog. It was found that the demand for the new hot dog is given approximately by p=8-In(x), 5 ? x ? 500, where x is the number of hot dogs (in thousands) that can be sold during one game at a price of p dollars. If the company pays 1 dollar for each hot dog, what price should they charge to maximize profit per game?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

. If it has the following solution: y= c1 + c2 cos (2x) + c3 sin (2x) +...

Basic Math
1.2K views

A student group believes that less than 50% of students find their college experience extremely rewarding....

Chemistry
1.2K views

For a gas of neutral hydrogen atoms, at what temperature will equal numbers of atoms have...

Accounting
1.2K views

A department adds raw materials to a process at the beginning of the process and incurs...

Biology
1.2K views

A scientist observes a previously unknown species It is multicellular and has specialized sense organs...

Calculus
1.2K views

Evaluate the integral 6 1 6 t t dt

Algebra
1.2K views

What is the sixth term of a geometric sequence in which the first term is...

Accounting
1.2K views

Accounts Payable Subsidiary Ledger The cash payments and purchases journals for Magnolia Landscaping...

Accounting
1.2K views

In the following situation, discuss which entity, if any, may be a parent required to...

Accounting
1.2K views

ement A company has the following balances on December 31, 2021, before any year-end adjustments:...

Accounting
1.2K views

Enlightened Eats in Anchorage, Alaska, has six employees who are paid semimonthly. Calculate the net...

Accounting
1.2K views

On March 31, 2021, Wolfson Corporation acquired all of the outstonding common stock of Barney...