Question

Next year Phil and Matt may sell the cookies for $50 each. They plan to make the same total number of cookies, but they predict that they will only sell of them given the price increase. Based on their prediction, should Phil and Matt raise the price of the cookies? Justify your answer.

Enter your answer and your justification in the box provided.

Answer 1

No, they should not raise the price of the cookies. Because they are going to sell more base on the equation above if they stick with the original price.