7. A street vendor can selil 300 burritos a day if he charges $3 per burrito. Fo

Question

7. A street vendor can selil 300 burritos a day if he charges $3 per burrito. For each SI increase in price, a. will sell 20 fewer burritos. a) How much should the vendor charge per burrito in order to max pize his revenue? / mc) pite b) How many burritos will he sell at the new price? 300(20 He will sel o buritos 130 the naw Pitt 8. Let R(x) 280x-0.4x2 be the revenue for selling r units of a certain product, C(x) = 5000 + 0.6x2 be the total cost of producing the x units. a) How many units should be produced to maximize profit? P"()--2 4 dousn 2. ma 2+O X-140:O b) Find the maximum profit.

Explanation / Answer

#7) Your work is right, and your answers for both Part A and B are absolutely correct.

#8) Your work and your answer is absolutely correct.

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