DO NOT SOLVE! CHOOSE ANY TWO of the following problems and determine: i) the Optimization Function AND ii) the Boundary Interval: a) An ice cream truck sells 500 ice cream cones per week at a price of $1.20 each. For every $0.10 decrease in price, the number sold per week increases by 20. It costs $0.50 to make each ice cream cone and $100 per week to rent the truck. Determine the price that will maximize the profit.

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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Don't solve, just find the i) the Optimization Function and ii) the Boundary Interval: 

DO NOT SOLVE! CHOOSE ANY TWO of the following problems and determine:
i) the Optimization Function AND ii) the Boundary Interval:
a) An ice cream truck sells 500 ice cream cones per week at a price of $1.20 each. For every $0.10 decrease
in price, the number sold per week increases by 20. It costs $0.50 to make each ice cream cone and $100 per
week to rent the truck. Determine the price that will maximize the profit.
Transcribed Image Text:DO NOT SOLVE! CHOOSE ANY TWO of the following problems and determine: i) the Optimization Function AND ii) the Boundary Interval: a) An ice cream truck sells 500 ice cream cones per week at a price of $1.20 each. For every $0.10 decrease in price, the number sold per week increases by 20. It costs $0.50 to make each ice cream cone and $100 per week to rent the truck. Determine the price that will maximize the profit.
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