The profit equation for a coffee shop is P(n) = –5n² + 60n – 100, where n is the number of customers, in tens of thousands (10000)., and P(n) is the profit, in thousands of dollars (1000). a. What is the profit if the shop has no customers? b. How many customers must visit the shop for it to break-even? c. How many customers need to visit for the shop to have its maximum profit and what is the shop's maximum profiť?

The profit equation for a coffee shop is P(n) = –5n² + 60n – 100, where n is the number of customers, in tens of thousands (10000)., and P(n) is the profit, in thousands of dollars (1000). a. What is the profit if the shop has no customers? b. How many customers must visit the shop for it to break-even? c. How many customers need to visit for the shop to have its maximum profit and what is the shop's maximum profiť?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter5: Investment Decisions: Look Ahead And Reason Back

Section: Chapter Questions

Problem 5.1IP

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