a marketing manager at a company that produces and sells cooking oils uses mathematical models to determine…

a marketing manager at a company that produces and sells cooking oils uses mathematical models to determine the prices for the company’s products. the graph below shows how the weekly revenue is predicted to vary depending on the price set for the smallest bottles of olive oil that the company sells. what is the maximum revenue predicted by this model? a $4.50 b $8000.00 c $6.00 d $9000.00

a marketing manager at a company that produces and sells cooking oils uses mathematical models to determine the prices for the company’s products. the graph below shows how the weekly revenue is predicted to vary depending on the price set for the smallest bottles of olive oil that the company sells. what is the maximum revenue predicted by this model? a $4.50 b $8000.00 c $6.00 d $9000.00

Answer

Explanation:

Step1: Identify the y - axis label

The y - axis represents revenue in thousands.

Step2: Locate the maximum point on the graph

The highest point on the revenue - price graph has a y - value of 9 on the revenue axis. Since the revenue is in thousands, the maximum revenue is $9\times1000=$9000$.

Answer:

D. $9000.00