Posted by **lc** on Wednesday, November 2, 2011 at 11:20pm.

You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume that the demand equation for Johannesburg hamburgers has the linear form q = mp + b, where p is the price per hamburger, q is the demand in weekly sales, and m and b are certain constants you must determine.

(a) Your market studies reveal the following sales figures:

When the price is set at $2.00 per hamburger, the sales amount to 3090 per week, but when the price is set at $4.00 per hamburger, the sales drop to zero. Use these data to calculate the demand equation.

q = Incorrect: Your answer is incorrect.

- calc -
**Anonymous**, Tuesday, April 15, 2014 at 11:58pm
lk

- calc -
**scott**, Monday, June 16, 2014 at 7:30pm
p=2.30 per burger

## Answer This Question

## Related Questions

- marketing - You have been hired as a marketing consultant to Johannesburg Burger...
- math ( algebra 2 ) - a newspaper company currently charges $11 a week to its ...
- math ( algebra 2 ) - a newspaper company currently charges $11 a week to its ...
- calculus - A company manufactures and sells x cellphones per week. The weekly ...
- calc - The demand curve for the comics is given by the following equation, where...
- Calculus - The price per unit is given by the equation p=18-2ln(x). What is the ...
- Calc - A manufacture has been selling 1150 television sets a week at $510 each. ...
- calc - I have everything right but the last question asking how many cases per ...
- Math - A marketing expert determines that sales of television sets an be ...
- College Algebra - Show all work The manufacturer of a CD player has found that ...

More Related Questions