imported_Blair Stevenson
New member
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=4-ln(x), 5<x<500 (both < are also equal to but i cant show it with typing)
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, how should the hot dogs be priced to maximize the profit per game?
p=4-ln(x), 5<x<500 (both < are also equal to but i cant show it with typing)
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, how should the hot dogs be priced to maximize the profit per game?