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Topic: I need help with maximizing profits
Replies: 2   Last Post: Sep 13, 2010 9:11 AM

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Posts: 1
Registered: 8/30/10
I need help with maximizing profits
Posted: Aug 30, 2010 11:32 AM
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The Brick Oven Bakery sells more loaves of bread when it reduces its price, but then its profits change. the function y= -100(x-1.75)^2 + 300 models the bakery's profit, in dollars, where x is the price of a loaf of bread in dollars.

a. What price should the bakery charge to maximize its profits?

b. What is the maximum profit?

Help would be greatly be apreciated. : )

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