Solve demand for steak dinners

Reference no: EM13123670

Maximizing Profit: Demand for Steak Dinners

The unit cost of producing a steak dinner at the Smalltown Inn is $6. If a restaurant charges p dollars for a steak dinner, customers will demand 200 - 5p steak dinners per week. To maximize the profit earned on steak dinners, what price should the inn charge?

A. $20
B. $21
C. $22
D. $23
E. $25

Reference no: EM13123670

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