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You are the manager of a donut shop. Presently, you sell your donuts for $1.00 each and everyday you sell 500 donuts. However, you are
You are the manager of a donut shop. Presently, you sell your donuts for $1.00 each and everyday you sell 500 donuts. However, you are wondering if you could make a bit more profit by raising the price slightly. Your marketing research shows that for every $0.05 you raise the price, you will sell 10 less donuts. What donut prices would result in the most revenue?
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