A coach makes cookies on the weekend to sell at a school fundraiser. Past experience shows that at price of $1.00 per cookie, 200 cookies will be sold. It is also known that for every $0.19 increase in the price of a cookie, 3 less cookies will be sold. What price should be set for a cookie so that the revenue from cookie sales will be maximized?
A coach makes cookies on the weekend to sell at a school fundraiser. Past experience shows that at price of $1.00 per cookie, 200 cookies will be sold. It is also known that for every $0.19 increase in the price of a cookie, 3 less cookies will be sold. What price should be set for a cookie so that the revenue from cookie sales will be maximized?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Enter accurate to two digits to the right of the decimal point.
Transcribed Image Text:A coach makes cookies on the weekend to sell at a school fundraiser. Past experience shows that
at price of $1.00 per cookie, 200 cookies will be sold. It is also known that for every $0.19 increase
in the price of a cookie, 3 less cookies will be sold. What price should be set for a cookie so that
the revenue from cookie sales will be maximized?
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