a deli sells 720 sandwiches per day at $6 each. (a) a market survey shows that for every $0.10 reduction in price, 40 more sandwiches could be sold. how much should the deli harge in order to maximize revenue

To maximize profits, the deli should charge each sandwich at $ 3.9.

Explanation:

Given that a deli sells 720 sandwiches per day at $ 6 each, and a market survey shows that for every $ 0.10 reduction in price, 40 more sandwiches could be sold, to determine how much should the deli harge in order to maximize revenue, the following should be done calculation:

720 x 6 = 4320

760 x 5.9 = 4484

800 x 5.8 = 4640

840 x 5.7 = 4788

880 x 5.6 = 4928

920 x 5.5 = 5060

960 x 5.4 = 5184

1000 x 5.3 = 5300

1040 x 5.2 = 5408

1080 x 5.1 = 5508

1120 x 5 = 5600

1160 x 4.9 = 5684

1360 x 4.4 = 5984

1400 x 4.3 = 6020

1600 x 3.8 = 6080

1560 x 3.9 = 6084

1520 x 4 = 6080

Therefore, to maximize profits, the deli should charge each sandwich at $ 3.9.

the answer is true

for e2020 ; -;

answer///supply is elastic, and demand is inelastic;