An fruit grower knows from previous experience and careful data analysis that if the fruit on a specific kind of tree is harvested at this time of year, each tree will yield, on average, 126 pounds, and will sell for $4.7 per pound. However, for each additional week the harvest is delayed (up to a point), the yield per tree will increase by 1.8 pounds, while the price per pound will decrease by $0.06. A) How many weeks should the grower wait before harvesting the apples in order to maximize the sales revenue per tree? (Round your answer to the nearest tenth of a week.)
An fruit grower knows from previous experience and careful data analysis that if the fruit on a specific kind of tree is harvested at this time of year, each tree will yield, on average, 126 pounds, and will sell for $4.7 per pound. However, for each additional week the harvest is delayed (up to a point), the yield per tree will increase by 1.8 pounds, while the price per pound will decrease by $0.06. A) How many weeks should the grower wait before harvesting the apples in order to maximize the sales revenue per tree? (Round your answer to the nearest tenth of a week.)
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 28EQ
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An fruit grower knows from previous experience and careful data analysis that if the fruit on a specific kind of tree is harvested at this time of year, each tree will yield, on average, 126 pounds, and will sell for $4.7 per pound. However, for each additional week the harvest is delayed (up to a point), the yield per tree will increase by 1.8 pounds, while the price per pound will decrease by $0.06.
A) How many weeks should the grower wait before harvesting the apples in order to maximize the sales revenue per tree? (Round your answer to the nearest tenth of a week.)
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