Question
In Tuftsville, everyone lives along Main Street, which is 10 miles long. There are 1,000 people uniformly spread up and down Main Street, and every
In Tuftsville, everyone lives along Main
Street, which is 10 miles long. There are
1,000 people uniformly spread up and down
Main Street, and every day they each buy
a fruit smoothie from one of the two stores
located at either end of Main Street. Customers
ride their motor scooters to and from
the store using $0.50 worth of gas per mile.
Customers buy their smoothies from the store
offering the lowest price, which is the store's
price plus the customer's travel expenses
getting to and from the store. Ben owns the
store at the west end of Main Street and Will
owns the store at the east end of Main Street.
b. If Ben charges $3 per smoothie, what
price would enable Will to sell 250
smoothies per day? 500 smoothies per
day? 750 smoothies per day? 1,000
smoothies per day?
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