Moses

Mathematics

20 July, 02:42

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), / quad 5 / leq x / leq 500, 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?