that for every 51 incre caps with the local baseball team's logo planning to increase the p consumer survey shows 10 as per year. What should the selling price bet R(x)=price # of items Leta be the number of $1 Increases in price, 270 Let R be the revenue, y>0. R(x) = (15+x) (600-30x) price. quantity R'(x)= (600-30x)+ (-30) (15+x) - 600-30x-450-30x = 150-60× = 30(5-2x) ut Ri (x)=0 0 = 30 (5-2x) 5-2x=0 x=2.5 → # of increases FDT D(x) Interval D'(a) sol'n Tord x425 + >0 x=25 N/A =0 max x>2.5 <0 - Sub x=2.5 into 15+x = price P= 15+ x = 15+25 = 175 .: the selling price should be $17.50 +0 maximize annual revenue

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 106E
Question

a farmer has 600 pumpkins available for sale. If he charges $4 each, he will sell 300. For each 50 cent reduction in price, he will sell 100 more pumpkins. Calculate the price that maximizes his profit.

(This is a calculus optimization problem so please show all work and show the chart when doing the first derivative test JUST LIKE THE EXAMPLE I AM GIVING YOU HERE) do it like that on paper

that for every 51 incre
caps with the local baseball team's logo
planning to increase the p
consumer survey shows
10 as per year. What should the selling price bet
R(x)=price # of items
Leta be the number of $1 Increases in price, 270
Let R be the revenue, y>0.
R(x) = (15+x) (600-30x)
price.
quantity
R'(x)= (600-30x)+ (-30) (15+x)
- 600-30x-450-30x
= 150-60×
=
30(5-2x)
ut Ri (x)=0
0 = 30 (5-2x)
5-2x=0
x=2.5
→ # of
increases
FDT
D(x)
Interval
D'(a) sol'n
Tord
x425
+
>0
x=25
N/A =0
max
x>2.5
<0
-
Sub x=2.5 into 15+x = price
P= 15+ x
= 15+25
= 175
.: the selling
price should be
$17.50 +0
maximize annual
revenue
Transcribed Image Text:that for every 51 incre caps with the local baseball team's logo planning to increase the p consumer survey shows 10 as per year. What should the selling price bet R(x)=price # of items Leta be the number of $1 Increases in price, 270 Let R be the revenue, y>0. R(x) = (15+x) (600-30x) price. quantity R'(x)= (600-30x)+ (-30) (15+x) - 600-30x-450-30x = 150-60× = 30(5-2x) ut Ri (x)=0 0 = 30 (5-2x) 5-2x=0 x=2.5 → # of increases FDT D(x) Interval D'(a) sol'n Tord x425 + >0 x=25 N/A =0 max x>2.5 <0 - Sub x=2.5 into 15+x = price P= 15+ x = 15+25 = 175 .: the selling price should be $17.50 +0 maximize annual revenue
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