BURGERRAMA CARTOON DOLLS                                                                           SHEET 1

Application 1

Joan King is marketing director for the BurgerRama restaurant chain. BurgerRama has decided to have a cartoon-character doll made to sell at a premium price at participating BurgerRama locations. The company can choose from several different versions of the doll that sell at different prices. King’s problem is to decide which selling price will best suit the needs of BurgerRama’s customers and store managers. King has data from previous similar promotions to help her make a decision.

Selling Price of
Each Doll

Number Supplied
per Week per Store

Number Requested
per Week per Store

$1.00

35

530

$2.00

130

400

$4.00

320

140

GRAPH 1

  1. Plot points representing selling price and supply on the graph above. Draw the line through the data points, and write the word "Supply" on this line.
  2. Plot points representing selling price and number requested (demand) on the same graph. Draw the line through these points. Write the word "demand" on this line.

                                                                                                 From the Mathematics Teacher, October 1991

 

Hosted by www.Geocities.ws

1