Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
Bartleby Related Questions Icon

Related questions

Question
### Maximizing Revenue for a Coffee Shop

A coffee shop finds that at the price of $3.00, the demand for their popular cappuccino drink is 3,000 cups per year. They also discovered that for every $0.25 decrease in price, demand increases by 200 cappuccinos per year. 

**Question:**
Which of the following is the price they should charge to maximize their revenue?

**Options:**

- $3.00
- $4.78
- $4.50
- $3.38
expand button
Transcribed Image Text:### Maximizing Revenue for a Coffee Shop A coffee shop finds that at the price of $3.00, the demand for their popular cappuccino drink is 3,000 cups per year. They also discovered that for every $0.25 decrease in price, demand increases by 200 cappuccinos per year. **Question:** Which of the following is the price they should charge to maximize their revenue? **Options:** - $3.00 - $4.78 - $4.50 - $3.38
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Calculus: Early Transcendentals
Calculus
ISBN:9781285741550
Author:James Stewart
Publisher:Cengage Learning
Text book image
Thomas' Calculus (14th Edition)
Calculus
ISBN:9780134438986
Author:Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:PEARSON
Text book image
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:9780134763644
Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:PEARSON
Text book image
Calculus: Early Transcendentals
Calculus
ISBN:9781319050740
Author:Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:W. H. Freeman
Text book image
Precalculus
Calculus
ISBN:9780135189405
Author:Michael Sullivan
Publisher:PEARSON
Text book image
Calculus: Early Transcendental Functions
Calculus
ISBN:9781337552516
Author:Ron Larson, Bruce H. Edwards
Publisher:Cengage Learning