An espresso stand finds that at a price of $4.00, demand is 440 cups. For every $0.25 increase inprice, demand decreases by 25 cups. Find the price that maximizes revenue.O $ 4.75O $ 4.20O $ 4.00$ 3.75$ 3.50O $ 4.50

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Answered: An espresso stand finds that at a price…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter1: Expressions And Functions

Section1.8: Interpreting Graphs Of Functions

Problem 4GP

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An espresso stand finds that at a price of $4.00, demand is 440 cups. For every $0.25 increase in price, demand decreases by 25 cups. Find the price that maximizes revenue.