CHAPTER 2 You are the manager of a donut shop. Presently, you sell your donuts for $1.00 each and every day you sell 500 donuts. However, you are wondering if you could make a bit more profit by you raise the price, for every $0.05 raising the price slightly. Your marketing research shows that you will sell 10 less donuts. What donut price would result in the most revenue? 4

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...
icon
Related questions
Question
CHAPTER 2
You are the manager of a donut shop. Presently, you sell your donuts for $1.00 each and every
day you sell 500 donuts. However, you are wondering if you could make a bit more profit by
raising the price slightly. Your marketing research shows that for every $0.05 you raise the price,
you will sell 10 less donuts. What donut price would result in the most revenue?
4
Transcribed Image Text:CHAPTER 2 You are the manager of a donut shop. Presently, you sell your donuts for $1.00 each and every day you sell 500 donuts. However, you are wondering if you could make a bit more profit by raising the price slightly. Your marketing research shows that for every $0.05 you raise the price, you will sell 10 less donuts. What donut price would result in the most revenue? 4
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning