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Question 3 0.33/1 pt 52 398 Details Score on last try: 0.33 of 1 pts. See Details for more. Get a similar question You can retry this question below A regional satellite internet provider has 5000 customers paying $110 each month. In a study of pricing it was determined that each $1 cut in price will increase the number of customers by 75. The price that yields the maximum revenue would be 88.33 X per customer. The new number of customers would be 6625 x The maximum revenue would be 585181 Submit Question Question 2 0.5/1 pt 5 2 2 98 Details Score on last try: 0.5 of 1 pts. See Details for more. You can retry this Get a similar question question below Suppose a company's revenue function is given by R(q) = q3 + 330q2 and its cost function is given by C(q) = 180 + 197, where q is hundreds of units sold/produced, while R(q) and C(q) are in total dollars of revenue and cost, respectively. A) Find a simplified expression for the marginal profit function. (Be sure to use the proper variable in your answer.) MP(q) = -392 +660q - 9 B) How many items (in hundreds) need to be sold to maximize profits? Answer: 220 hundred units must be sold. (Round to two decimal places.) Submit Question Question 7 0.67/1 pt 1-2 98 Details Score on last try: 0.67 of 1 pts. See Details for more. Get a similar question question below You can retry this Given the demand function D(p) = 175 - 2p, Find the Elasticity of Demand at a price of $8 256 47 At this price, we would say the demand is: Unitary Elastic Inelastic Based on this, to increase revenue we should: Keep Prices Unchanged Lower Prices Raise Prices Question 8 0.5/1 pt 92 98 Details Score on last try: 0.5 of 1 pts. See Details for more. Get a similar question You can retry this question below Suppose the demand for a product is given by D(p) = 4p + 113. A) Calculate the elasticity of demand at a price of $17. X (Round to Elasticity = 1.5111 three decimal places.) B) At what price do you have unit elasticity? (Round your answer to the nearest penny.) Price = $ 14.125

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