Answer to Question #11716 in Quantitative Methods for nina omar

Question #11716
The Towne Food Corporation has bought exclusive rights to sell chocolate bars in a local sports arena. The fee it paid for this concession was $1,000 per game. The cost (excluding this fee) of obtaining and marketing each candy bar is 10 cents. The demand schedule for candy bars in this arena is as follows: Price per candy bar Thousands sold (cents) per game 20 10 25 9 30 8 35 7 40 6 45 5 50 4 Assume that prices must be a multiple of a nickel. a) What price should the Towne Corp. charge for a candy bar? b) What is the maximum amount that they should pay for the concession for a
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