Breakfast A price number sold per week (AED) 55 100 60 95 65 93 70 86 In a cafeteria Ibrahim found the data above with a very popular breakfast that they sell. A. Calculate the total revenue with...


Breakfast A price number sold per week<br>(AED)<br>55<br>100<br>60<br>95<br>65<br>93<br>70<br>86<br>In a cafeteria Ibrahim found the data above with a very popular breakfast that they sell.<br>A. Calculate the total revenue with every price of the breakfast (4<br>B. What is the maximum revenue possible?<br>C. Using the standard formula, calculate the price elasticity of demand when the price changes from 60 to 65 dirham.<br>D. According to your results in A, B and C, what is the best decision that Ibrahim should take about the price he should charge for the breakfast<br>Mac)<br>

Extracted text: Breakfast A price number sold per week (AED) 55 100 60 95 65 93 70 86 In a cafeteria Ibrahim found the data above with a very popular breakfast that they sell. A. Calculate the total revenue with every price of the breakfast (4 B. What is the maximum revenue possible? C. Using the standard formula, calculate the price elasticity of demand when the price changes from 60 to 65 dirham. D. According to your results in A, B and C, what is the best decision that Ibrahim should take about the price he should charge for the breakfast Mac)

Jun 07, 2022
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