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solve it for me please 1. Terri's Town Pump Restaurant would like to run a Tuesday night steak special. Terri has been able to work
solve it for me please
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 restaurant journal she read that the demand for restaurant meals is elastic and can be defined by the equation: Q=23,652P25. Surveying her kitchen capacity, she estimates that they can prepare a maximum of 100 steak meals on a Tuesday night. What price should Terri charge for a New York strip steak dinner in order to maximize 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 Step by Step Solution
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