Homework Help: math

Posted by Julie on Thursday, November 22, 2012 at 2:52pm.

Phillip, the proprietor of a vineyard, estimates that the first 9600 bottles of wine produced this season will fetch a profit of $5 per bottle. However, the profit from each bottle beyond 9600 drops by $0.0002 for each additional bottle sold. Assuming at least 9600 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.)
$ ?

What would be the profit/bottle in this case? (Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.)
$ ?

math - Steve, Friday, November 23, 2012 at 11:33am
profit/bottle is 5.00 - 0.0002(x-9600) for x bottles, x > 9600

total profit is thus

p(x) = 5*9600 + (x-9600)(5.00 - 0.0002(x-9600))
= -.0002x^2 + 8.84x - 18432

This is a parabola opening downward, with vertex at x = 22100

p(22100) = 79250

Answer this Question

Related Questions

math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
linear programming - Mountain Laurel Vineyards produces three kinds of wine ...
econ - In France each unit of labour can produce 3 bottles of wine or 2 shirts. ...
Math - Bridget has a limited income and consumes only wine and cheese; her ...
Math - CRANES Season 1: Wins 38 Season 2: Wins 42 Season 3: Wins 31 Season 4: ...
Algebra Word Problem Help - Two wine merchants enter Paris, one of them with 64 ...

For Further Reading

First Name:
School Subject:
Answer: