2.4 An entrepreneurial resident of the Oklahoma City metropolitan area is interested in securing a new franchise for Mad

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2 4 An Entrepreneurial Resident Of The Oklahoma City Metropolitan Area Is Interested In Securing A New Franchise For Mad 1 (179.2 KiB) Viewed 23 times

2.4 An entrepreneurial resident of the Oklahoma City metropolitan area is interested in securing a new franchise for Mad Over Donuts. Ideally this franchise would be centrally located so delivery could be economically handled and all citizens could enjoy fresh, delicious donuts delivered to the doorstep. The main cities and anticipated demand (in thousands per day) are shown in Table 2. Table 2: Problem 2.4 City x-coord y-coord Demand Jones 6 28 45 Luther 13 35 56 Harrah 12 22 30 Edmond 0 Norman 2 0 33 32 25 Moore 3 8 22 a. What is the appropriate (non-linear) objective function for this scenario (hint: distances are euclidean)? b. Zoey's Catnip Toys faces the following relationship between price (p) and demand (u): 2000 – 200p. The fixed cost is $500 and variable cost is $1. Write an expression for the total profit. c. What price should Zoey charge to maximize profit in question b.? V=