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3. A pizzeria has an estimated relationship of its demand for pizzas based on its unit price. The variable cost per pizza is 42 pesos
3. A pizzeria has an estimated relationship of its demand for pizzas based on its unit price. The variable cost per pizza is 42 pesos and its fixed costs amount to 8,500 pesos per day. You are asked to estimate the price at which operating profit will be maximized.
Pizza Price | Pizza demand |
140 | 430 |
125 | 510 |
110 | 590 |
100 | 640 |
90 | 700 |
75 | 780 |
60 | 850 |
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