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Profit for the Dew Drop Inn Country Diner Is Given

question 12

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Profit for the Dew Drop Inn Country Diner is given by p = -0.1q2 + 1.80q + 100,where p is profit and q is the number of customers.What number of customers maximizes profit?


Definitions:

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase at any given price.

Expectations

The anticipations of consumers, firms, and others about future economic conditions, which can influence their decisions today.

Prices

The amount of money required to purchase goods, services, or assets.

IBM Personal Computers

refers to the series of personal computers produced by IBM since 1981, marking the start of the PC era.

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