The pounds of bananas sold each week at all metro seattle alberstons stores as a function of price, p , in dollars/pound(lb.) is given by q ( p ) = 100 e 1.5 ( 5 − p ) 1. what is the price elasticity of demand for bananas at $.20/lb. ? .30 correct (nearest 0.01) bananas are correct at that price? 2. what is the price elasticity of demand for bananas at $1/lb. ? 1.50 correct bananas are correct at that price? 3. at what price is the maximum revenue per week achieved? .66 correct +/- $0.01 4. what is that maximum revenue per week? incorrect 5. how many pounds will be sold each week at that optimal price

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year