Ch6arilawson2janal Ch6arilawson2janal

18-10-2016
Business

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The wholesale price for chicken for a country fell from 25¢ per pound to 14¢ per pound, while per capita chicken consumption rose from 21.5 pounds per year to 27 pounds per year. Assuming that the demand for chicken depends linearly on the price, what wholesale price for chicken maximizes revenues for poultry farmers?

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meerkat18 meerkat18

29-10-2016

The correct answer to this question is 36¢ per pound. This is the wholesale price for chicken that maximizes revenues for poultry farmers. Thank you for posting your question. I hope that this answer helped you. Let me know if you need more help.

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