Help You've decided to sell sweatshirts for the upcoming game. You project that at a price of $30.05 per sweatshirt, you will be able to sell 150 shirts. In order to sell 290sweatshirts, you would need to lower the price to $19.83 per sweatshirt. In order to produce the sweatshirts, it costs you $2.37 per sweatshirt on top of fixed costs of$340. What price should you charge in order to earn maximize your profit?Assume linear demand.You should charge a price of $If necessary, round to two decimal places. Do not include units.per sweatshirt in order to maximize your profit.

Given Price of sweatshirt No. of shirts sold $30.05 150 $19.83 290

Answered: You've decided to sell sweatshirts for…

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter12: Algebra Of Matrices

Section12.CR: Review Problem Set

Problem 37CR

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Similar questions

A company manufactures two fertilizers, x and y. Each 50-pound bag of fertilizer requires three ingredients, which are available in the limited quantities shown in the table. The profit on each bag of fertilizer x is 6 and on each bag of y is 5. How many bags of each product should be produced to maximize the profit? Ingredient Number of Pounds in Fertilizer x Number of Pounds in Fertilizer y Total number of Pounds Available Nitrogen 6 10 20,000 Phosphorus 8 6 16,400 Potash 6 4 12,000
If you are performing a break-even analysis for a business and their cost and revenue equations are dependent, explain what this means for the company's profit margins.
Making furniture Two woodworkers, Chase and Devin, get 100 for making a table and 80 for making a chair. On average, Chase must work 3 hours and Devin 2 hours to make a chair. Chase must work 2 hours and Devin 6 hours to make a table. If neither wishes to work more than 42 hours per week, how many tables and how many chairs should they make each week to maximize their income? Find the maximum income. Table Chair Time Available Devins Time hr 6 2 42 Chases Time hr 2 3 42 Income 100 80
A manufacturer produces two models of television stands. The table at the left shows the times (in hours) required for assembling, staining, and packaging the two models. The total times available for assembling, staining, and packaging are 3750 hours, 8950 hours, and 2650 hours, respectively. The profits per unit are $30 for model I and $40 for model II. What is the optimal inventory level for each model? What is the optimal profit?

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