2. A coffee shop determines that the daily profit on scones obtained by charging s dollars per scone is P(s) = -20s? + 150s – 10. The coffee shop currently charges $3.25 per scone. Find P' (3.25), the rate of change of profit when the price is $3.25, explain what it means, and decide whether or not the coffee shop should consider raising or lowering its prices on scones. Show detailed work for credit.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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2. A coffee shop determines that the daily profit on scones obtained by charging s dollars per scone is
P(s) = -20s? + 150s – 10. The coffee shop currently charges $3.25 per scone. Find P' (3.25), the rate of
change of profit when the price is $3.25, explain what it means, and decide whether or not the coffee shop should
consider raising or lowering its prices on scones. Show detailed work for credit.
Transcribed Image Text:2. A coffee shop determines that the daily profit on scones obtained by charging s dollars per scone is P(s) = -20s? + 150s – 10. The coffee shop currently charges $3.25 per scone. Find P' (3.25), the rate of change of profit when the price is $3.25, explain what it means, and decide whether or not the coffee shop should consider raising or lowering its prices on scones. Show detailed work for credit.
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