1. Terri's Town Pump Restaurant would like to run a Tuesday night steak special. Terri has been able to work out a deal with his suppliers so he can serve a New York strip steak, potato, salad, and dessert for a total cost of $3.65. In a recent restau- rant journal she read that the demand for restaurant meals is elastic and can be defined by the equation: Q-23,652P-25. Surveying her kitchen capacity, she esti- mates that they can prepare a maximum of 100 steak meals on a Tuesday night. uld Terri charge for a New York strip steak dinner in order to max imize her profit? a. Formulate an NLP to determine the optimal price for a steak dinner. b. Create a spreadsheet model to find the optimal price. Turn in your spreadsheet model with your homework. Optimal Price: Optimal Profit: 1. Terri's Town Pump Restaurant would like to run a Tuesday night steak special. Terri has been able to work out a deal with his suppliers so he can serve a New York strip steak, potato, salad, and dessert for a total cost of $3.65. In a recent restau- rant journal she read that the demand for restaurant meals is elastic and can be defined by the equation: Q-23,652P-25. Surveying her kitchen capacity, she esti- mates that they can prepare a maximum of 100 steak meals on a Tuesday night. uld Terri charge for a New York strip steak dinner in order to max imize her profit? a. Formulate an NLP to determine the optimal price for a steak dinner. b. Create a spreadsheet model to find the optimal price. Turn in your spreadsheet model with your homework. Optimal Price: Optimal Profit