A pizza parlor has been experimenting with lowering the price of their large one-topping pizza to promote sales. The average revenues from the sale of large one-topping pizzas on a Friday night (5 P.M. to midnight) at various prices are given below. Revenue from the Sale of Pizzas at Different Prices Price Revenue (dollars x) (dollars R) 9.25 1202.50 10.50 1228.50 11.75 1210.25 13.00 1131.00 14.25 1054.50 (a) Find a quadratic model for the data. (Round all numerical values to two decimal places.) < 14.25. R(x) = dollars is the average revenue from the sale of large one-topping pizzas on a Friday night when the price of a large one-topping pizza is x dollars, 9.25 s x (b) Calculate the marginal revenue at a price of $9.25 and at a price of $11.50. (Round your answers to the nearest cent.) $9.25 $11.50
A pizza parlor has been experimenting with lowering the price of their large one-topping pizza to promote sales. The average revenues from the sale of large one-topping pizzas on a Friday night (5 P.M. to midnight) at various prices are given below. Revenue from the Sale of Pizzas at Different Prices Price Revenue (dollars x) (dollars R) 9.25 1202.50 10.50 1228.50 11.75 1210.25 13.00 1131.00 14.25 1054.50 (a) Find a quadratic model for the data. (Round all numerical values to two decimal places.) < 14.25. R(x) = dollars is the average revenue from the sale of large one-topping pizzas on a Friday night when the price of a large one-topping pizza is x dollars, 9.25 s x (b) Calculate the marginal revenue at a price of $9.25 and at a price of $11.50. (Round your answers to the nearest cent.) $9.25 $11.50
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
Problem 22EQ
Related questions
Question
Transcribed Image Text:A pizza parlor has been experimenting with lowering the price of their large one-topping pizza to promote sales. The average revenues from the sale of large one-topping pizzas on a Friday night (5 P.M. to
midnight) at various prices are given below.
Revenue from the Sale of Pizzas at
Different Prices
Price
Revenue
(dollars x)
(dollars R)
9.25
1202.50
10.50
1228.50
11.75
1210.25
13.00
1131.00
14.25
1054.50
(a) Find a quadratic model for the data. (Round all numerical values to two decimal places.)
< 14.25.
R(x) =
dollars is the average revenue from the sale of large one-topping pizzas on a Friday night when the price of a large one-topping pizza is x dollars, 9.25 s x
(b) Calculate the marginal revenue at a price of $9.25 and at a price of $11.50. (Round your answers to the nearest cent.)
$9.25
$11.50
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 5 images
Recommended textbooks for you
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage