The management of Cal Supermarkets has determined that the quantity demanded per week of their 90%...

The management of Cal Supermarkets has determined that the quantity demanded per week of their 90% lean ground sirloin, x, and the quantity demanded per week of their 80% ground beef, y (both measured in pounds), are related to their unit prices p and q (in dollars), respectively, by the equations x = 6800 − 600p − 400q and y = 5200 − 400p − 600q. (a) What is the total revenue function R(p, q)? Hint: R(p, q) = xp + yq R(p, q) = (b) What price should Cal Supermarkets charge for each product to maximize its weekly revenue? (p, q) = How many pounds of each product will then be sold? (x, y) = What is the maximum revenue? $ Incorrect: Your answer is incorrect.

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Colby Messinger answered 2 years ago

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