Question: i need you to provide me with the numerical answer. i do NOT need or want the steps. i need the ACTUAL NUMERICAL ANSWERS SO

i need you to provide me with the numerical answer. i do NOT need or want the steps. i need the ACTUAL NUMERICAL ANSWERS SO I CAN CHECK TO MAKE SURE MY HOMEWORK IS CORRECT. GIVE ME THE CORRECT ANSWERS PLEASE

NUMBER ANSWERS!

1. WHAT IS THE OPTIMAL PRICE

2. WHAT IS TBE OPTIMAL PROFIT

HOW YOU WILL FORMAT IT

OPTIMAL PRICE:

OPTIMAL PROFIT:

i need you to provide me with the numerical answer. i do

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

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

On January 1, 2023, Chamberlain Corporation pays $388,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $15,000 results from the acquisition. On December 31, 2024,...

need you to provide me with the numerical answer. i do NOT need or want the steps. i need the ACTUAL NUMERICAL ANSWERS SO I CAN CHECK TO MAKE SURE MY HOMEWORK IS CORRECT. GIVE ME THE CORRECT ANSWERS...

MKT572 Group Project2 There are several requirements for group project. Failure to meet the submission requirement will result in a deduction of 10 points from your grade. 1. In your cover page, list...

1. what is the maximum profit? (the NUMERICAL value not the steps for excel solver) 2. formulate as a spreadsheet model and attatch yours so i can check to see if mine is correct. - do NOT give me...

A space station is constructed in the shape of a wheel 22 m in diameter, with essentially all its mass (5.0 x 10 kg) at the R rim. Once the space station is completed, it is set rotating at a rate...

You work for a large pediatric practice with two primary divisions: neonatology and general pediatric medicine. The clinic has an administrative staff. The administrative staff spends most of its...

2. Assume that the practice manager chooses the number of claims filed as a cost driver. Use this information, plus the information reported below, to find the total costs (direct cost plus allocated...

Introduction and learning objectives When you were learning about operational analysis earlier in the term, we talked about jobs that require multiple visits to the CPU (or servers) to receive their...

What is the role of assessment for how you think learning happens? \ A more expansive view of what learning looks like can help us create good schools for today's students and today's society. By...

UNIT 5 QZ, Q-20 UNIT 5 / UNIT 8 QUESTIONS KEEP ANSWERS SEPARATE BY UNITS UNIT II STUDY GUIDE Consumer Mathematics Reading Assignment See information below. Key Terms 1. Add-on interest method 2....

Write a literature review on "Performance Management"

Briefly discuss that What we learn from Exploring Art.

Coase asserts that in cases of mutual harm the efficient result will occur so long as: Group of answer choices all of the answers are correct both parties are allowed to work out a deal property...

Note: This problem is for the 2018 tax year. Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan's Social...