Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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We operate a small grocery store. Daily demand for grapefruit is q-97-20p at unit price p. Assume our cost function is linear and we pay 25
cents per grapefruit. If we know maximum daily profit is S50, what are our fixed costs?
Fixed costs
This is a tough one, requires a good amount of thought and algebra)
dollars
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Transcribed Image Text:We operate a small grocery store. Daily demand for grapefruit is q-97-20p at unit price p. Assume our cost function is linear and we pay 25 cents per grapefruit. If we know maximum daily profit is S50, what are our fixed costs? Fixed costs This is a tough one, requires a good amount of thought and algebra) dollars
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