Until recently hamburgers at the city sports arena cost 3 20 each The food concessionaire sold an average of 18 000 hamburgers

Question

Until recently hamburgers at the city sports arena cost 3 20 each The food concessionaire sold an average of 18 000 hamburgers or game night When the price was raised to 3 70 hamburger sales dropped off to an average of 13 000 per night a Assuming a linear demand curve find the price of a hamburger that will maximize the nightly hamburger revenue b If the concessionaire had fixed costs of 1 500 per night and the variable cost is 0 50 per hamburger find the price of a hamburgem that will maximize the nightly hamburger profit COXING a Assuming a linear demand curve find the price of a hamburger that will maximize the nightly hamburger revenue The hamburger price that will maximize the nightly hamburger revenue is Round to the nearest cent as needed

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