Question
A bakery works out a demand function for its chocolate chip cookies and finds it to be
q equals Upper D left parenthesis x right parenthesis equals 567 minus 22 xq=D(x)=56722x,
where
qq
is the quantity of cookies sold when the price percookie, in cents, is
xx.
Use this information to answer parts a) through
f).

A bakery works out a demand function for its chocolate chip cookies and finds it to be q=Dx) = 567-22x, where is the quantity
e) At what price is the revenue a maximum? x= (Round to the nearest cent as needed. Use a comma to separate answers as needed
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Answer #1

Solution: step to Caiven DCx) = 567-220 (a)e - 22 Elale-n oca) Din) I – X (-22) 567-221 561-22 987.2.22 Therefore, the expre(d) TENICI a as 1289 Hence, the elasticity of demand is enelastic at ac13 e Total Revenue R(x) in D(x) RIO). 5676-2222 For ma

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