PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
Question
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Chapter 1.A, Problem 1A.5CC
To determine

Estimate the value of monthly bill.

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Please help with the following question. You are able to sell 15 gallons of ghost pepper sauce per month at a price of $200 per gallon. Re- search shows that for every $9 reduction in price that you can expect to sell 2 more gallons of sauce each month. How much should you charge in order to maximize monthly revenue? Round your response to two decimal places.
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