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Last week the price per pizza was $7 and the quantity sold was 230.This week the price was $6 per pizza and the quantity sold
Last week the price per pizza was $7 and the quantity sold was 230.This week the price was $6 per pizza and the quantity sold was 300.If your marginal cost to produce 1 more unit is $3, what should your price be next week to maximize profit?
(carry all calculations to 4 decimal points, then round to the nearest penny at the end)
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