Amy, the owner of Amy's Pottery, can produce china pitchers at a cost of$4 each. She estimates the price function to be p=22−4x, where p is the price at which exactly x pitchers will be sold per week. Find the number of pitchers that she should produce and the price that she should charge in order to maximize profit. Also, find the maximum profit.
Amy, the owner of Amy's Pottery, can produce china pitchers at a cost of$4 each. She estimates the price function to be p=22−4x, where p is the price at which exactly x pitchers will be sold per week. Find the number of pitchers that she should produce and the price that she should charge in order to maximize profit. Also, find the maximum profit.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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Amy, the owner of Amy's Pottery, can produce china pitchers at a cost of$4
each. She estimates the price function to be p=22−4x, where p is the price at which exactly x pitchers will be sold per week. Find the number of pitchers that she should produce and the price that she should charge in order to maximize profit. Also, find the maximum profit.
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