The management of Cal Supermarkets has determined that thequantity demanded per week of their 90% lean ground sirloin, x, andthe quantity demanded per week of their 80% ground beef, y (bothmeasured in pounds), are related to their unit prices p and q (indollars), respectively, by the equations x = 6800 ? 600p ? 400q andy = 5200 ? 400p ? 600q. (a) What is the total revenue function R(p,q)? Hint: R(p, q) = xp + yq R(p, q) = (b) What price should CalSupermarkets charge for each product to maximize its weeklyrevenue? (p, q) = How many pounds of each product will then besold? (x, y) = What is the maximum revenue? $ Incorrect: Youranswer is incorrect.
