Question: aleb (gained/lost) _ customers. 6. Write a profit equation for Caleb's business. Profit = Price . Number of customers - Cost To write the profit

aleb (gained/lost) _ customers. 6. Write a profit
aleb (gained/lost) _ customers. 6. Write a profit equation for Caleb's business. Profit = Price . Number of customers - Cost To write the profit equation, use the following assumptions: Express price and number of customers in terms of the same variable, x. Let x = the change in price from the price that gave Caleb the greatest revenue. Use the information in the table to answer these questions. (9 points: 1 point per blank) a. At what price did Caleb make the most revenue per month? How many customers did he serve at that price? Price:. Number of customers: b. Write an expression for price. Use the price identified in part a. Let x represent the change in Caleb's price from this price. Price = c. Write an expression for the number of customers. Use the number of customers identified in part a, and the decrease in number of customers when Caleb increases his price by $1 (from question 5). Number of customers = d. Write Caleb's profit equation. Use the expressions you identified in parts b and c. Assume Caleb's costs amounted to $200 each month. Profit = Price . Number of customers - Cost Profit =

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