Solve the Problem $\$ 2.50$ Each for Each 50 Cent Increase in the Price, the of Hot

question 364

Multiple Choice

Solve the problem.
-The stadium vending company finds that sales of hot dogs average 50,000 hot dogs per game when the hot dogs sell for $\$ 2.50$ each. For each 50 cent increase in the price, the sales per game drop by 5000 hot dogs. What price per hot dog should the vending company charge to realize the maximum revenue?

• A) \(\$ 4.00\)
• B) \(\$ 2.50\)
• C) \(\$ 5.00\)
• D) \(\$ 3.75\)

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Definitions:

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A school of thought in psychology that focuses solely on observable behaviors and discounts the importance of mental states or inner experiences.

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