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July 25, 2014

Homework Help: Calculus Max Profit

Posted by Ronny on Thursday, August 2, 2012 at 2:34pm.

To make pom poms in our school colors, we will have expenses of $100 to rent the Acme PomPom Plant, and then $0.25 per pom pom in materials. We believe that we can sell 500 pom poms if we charge $1.50. Assume the number sold is a linear function of the price. How much should we charge to maximize profit?

I have done this problem many times but I cannot find max profit. I keep fining a max income. I am lost and don't know what to do please help!

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