Answer:
Step-by-step explanation:
To find;
a) The number of customers that will be there if the bakery charges $10 per pie
b) To determine how much money (revenue) the bakery will make at that price if one customer buys only one pie.
So; given the function:
C(p) = 110 - 4.4 p
where
p = 10
C(10) = 110 - 4.4(10)
C(10) = 110 - 44
C(10) = 66
Thus, when the bakery charges $10, the number of customers is 66.
The revenue now when each customer purchase only one pie is:
= $66 × 10
= $660