Search you-make-very-good-pizzas-so-you-decide-to-sell-your-pizzas-on-campus-since-the-set-up-for-making

You make very good pizzas so you decide to sell your pizzas on campus since the set up for making

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pizza is already available to you, the only cost involved is that of making the pizza, which you calculate to be \$ 5 per pizza. a. What is the cost function? If 10 pizzas are available in a day, the market offers a price of \$ 11 per pizza. If 50 pizzas are available in a day, the market offers a price of \$ 7 per pizza. b. Assuming a linear relationship between price and quantity, find the price that the market offers as a function of the number of pizzas available. You start selling the pizzas. c. What is revenue as a function of the quantity you sell? What is the profit function? d. What quantity will maximize your profit? Call it q ∗ 1. What is the maximum profit? e. If somebody is already supplying 5 pizzas every day, What is the maximum profit that you can make?
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