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Mr. Porter sells 10 bottles of champagne per week at a price of $50 per bottle. He can sell 11 bottles per week if he lowers the price to $45 per bottle. The quantity and the price effects on total revenue would be, respectively:

Respuesta :

vanillanekox3

Answer:

See below.

Explanation:

Solve for bottles at $50:

10 × 50

$500 per week

Solve for bottles at $45:

11 × 45

$495

Mr. Porter would make more money by sticking with selling 10 bottles a week at $50 each. This is because the latter requires him to sell one extra bottle and he will still lose $5.

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