Thursday, July 14, 2011

Quadratic question (application)?

Don't worry, you did the problem correctly. -20 price increases is not impossible in context of the problem. If you do -20 price increases, you are decreasing the price of a pizza by $0.25 twenty times, which is a total decrease in price by $5. Therefore, the price that will maximize profits is $10 per pizza, which yields a maximum profit of $10,000.

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