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A supermarket sells two brands of coffee: brand A at $p per pound and brand B at $q per pound. The daily demand equations for brands A and B are given below, respectively (in pounds) x = 250-4p +3q y = 300+ 5p - 6q Find the daily revenue function R(p,q). Evaluate R(1,3) and R(3,1). R(p,q) = R(1,3)= $ R(3,1)= $ (Simplify your answer.) (Simplify your answer.)

A supermarket sells two brands of coffee: brand A at $p per pound and brand B at $q per pound. The daily demand equations for brands A and B are given below, respectively (in pounds) x = 250-4p +3q y = 300+ 5p - 6q Find the daily revenue function R(p,q). Evaluate R(1,3) and R(3,1). R(p,q) = R(1,3)= $ R(3,1)= $ (Simplify your answer.) (Simplify your answer.)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A supermarket sells two brands of coffee: brand A at $p per pound and brand B at $q per pound. The daily demand equations for brands A and B are given below, respectively (in pounds). x = 250-4p + 3q y = 300 + 5p - 6q Find the daily revenue function R(p,q). Evaluate R(1,3) and R(3,1). R(p,q) = R(1,3)= $ R(3,1)= $ (Simplify your answer.) (Simplify your answer.)
Transcribed Image Text:A supermarket sells two brands of coffee: brand A at $p per pound and brand B at $q per pound. The daily demand equations for brands A and B are given below, respectively (in pounds). x = 250-4p + 3q y = 300 + 5p - 6q Find the daily revenue function R(p,q). Evaluate R(1,3) and R(3,1). R(p,q) = R(1,3)= $ R(3,1)= $ (Simplify your answer.) (Simplify your answer.)
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