How fast to raise price to keep weekly revenue constant, Microeconomics

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How fast to raise price to keep weekly revenue constant

You can now sell 60 cups of lemonade per week at given 40¢ per cup, but demand is decreasing at the rate of 3 cups per week each week. Suppose that raising price doesn't affect demand, how fast have to raise price if you wish to keep weekly revenue constant?

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Microeconomics: How fast to raise price to keep weekly revenue constant

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How fast to raise price to keep weekly revenue constant

Reference No:- TGS0866978

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Determine two sets which are in subcontrary proportion

Q : Find per share ratios indicated for financial statements

Q : Determine relative error for estimated values

Q : Find fastest drop price prior monthly revenue begins to drop

Q : How fast to raise price to keep weekly revenue constant

Q : How fast is top of ladder sliding down wall at instant

Q : How fast experience of employees be growing to compensate

Q : Determine fixed percentage to balance to reach given value

Q : Determine the distance the sled has traveled

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How fast to raise price to keep weekly revenue constant

Reference No:- TGS0866978

Recent Questions Asked Microeconomics

Q : Determine two sets which are in subcontrary proportion

Q : Find per share ratios indicated for financial statements

Q : Determine relative error for estimated values

Q : Find fastest drop price prior monthly revenue begins to drop

Q : How fast to raise price to keep weekly revenue constant

Q : How fast is top of ladder sliding down wall at instant

Q : How fast experience of employees be growing to compensate

Q : Determine fixed percentage to balance to reach given value

Q : Determine the distance the sled has traveled

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