Question: Module M (Mathematizing) Project Problem 3. Identify one restaurant that sells pizzas of various sizes. List the restaurant and their choices. Determine whether the restaurant

Module M (Mathematizing) Project Problem 3. Identify one restaurant that sells pizzas of various sizes. List the restaurant and their choices. Determine whether the restaurant has a reasonable pricing structure for different sizes. Explain your reasoning. Problem 4. Create and solve your own hypothetical problem by following the two steps described below. Step 1 provides a frame to create your own hypothetical problem and step 2 asks you to solve the problem you created and summarize your ndings. You are welcome to create your own problem from scratch but it has to follow closely the structure provided in the sample scenario. atep 1: Replace the bold phrases in the following sample scenario to create your own version of the problem. Sample scenario. I am interested in selling boba tea in my online bakery Square Bean. But before that, I need to nd out how much I should price it to maximize revenue. l surveyed 1624 people and found out that if I price it at $3.00 a cup, then 952 people would buy it. If | price it at a dollar more at $4.00 a cup, then 728 people would buy it. On the other hand, if | price it at a dollar less at $2.00 a cup. then 1176 people would buy it. Based on this information. I noticed that for every one dollar increase in price, 224 fewer people would buy it. 519412;. Solve your hypothetical problem for the optimal item price that maximizes revenue. Be sure to show all work and reect on your ndings. Problem 5. Apply at least two concepts learned in the class so far on something in your life. Explain the situation and how you applied those concepts to either make a decision or solve a problem. Be very specific with numbers and steps
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
