Mathematics, 21.06.2021 18:20 cutecupcake678
An ice cream shop finds that its weekly profit P (measured in dollars) as a function of the price x (measured in dollars) it charges per ice cream cone is given by the function k, defined by k(x) = 125x^2 +670x 125 where P= k(x).
Required:
a. Determine the maximum weekly profit and the price of an ice cream cone that produces that maximum profit
b. The cost of the ice cream cone is too low then the ice cream shop will not make a profit. Determine what the ice cream shop needs to charge in order to break even
c. The profit function for Cold & Creamy (another ice cream shop) is defined by the function g where gx)- k(x-2). Does the function g have at the same maximum value as k?
Answers: 3
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An ice cream shop finds that its weekly profit P (measured in dollars) as a function of the price x...
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