Abram-Takera owns Scylar LLC. The firm produces and sells GramFam brand The firm’s weekly profit in thousands of dollars for sweatpants is given by the function R (s) = -2s2 + 120s – 240 where ‘s’ is the number of sweatpants sold in 1000s. Find the number of sweatpants sales that will lead to maximum revenue. Find the maximum revenue. Demonstrate mathematically and briefly explain why it is possible for the firm to make lesser profit if it sells more than the number of sweatpants arrived at as answer to sub-question (a) immediately above.
Abram-Takera owns Scylar LLC. The firm produces and sells GramFam brand The firm’s weekly profit in thousands of dollars for sweatpants is given by the function R (s) = -2s2 + 120s – 240 where ‘s’ is the number of sweatpants sold in 1000s. Find the number of sweatpants sales that will lead to maximum revenue. Find the maximum revenue. Demonstrate mathematically and briefly explain why it is possible for the firm to make lesser profit if it sells more than the number of sweatpants arrived at as answer to sub-question (a) immediately above.
Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 159E: The manufacturer of a water bottle spends $5 to build each bottle and sells them for $10. The...
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- Abram-Takera owns Scylar LLC. The firm produces and sells GramFam brand The firm’s weekly profit in thousands of dollars for sweatpants is given by the function
R (s) = -2s2 + 120s – 240
where ‘s’ is the number of sweatpants sold in 1000s.
- Find the number of sweatpants sales that will lead to maximum revenue.
- Find the maximum revenue.
Demonstrate mathematically and briefly explain why it is possible for the firm to make lesser profit if it sells more than the number of sweatpants arrived at as answer to sub-question (a) immediately above.
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