Profit of a Vineyard Philip, the proprietor of a vineyard, estimates that the first 10200 bottles of wine produced this season will etch beyond 10200 drops by $0.0003 for each additional bottle sold Assuming at least 10200 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.)

Profit of a Vineyard Philip, the proprietor of a vineyard, estimates that the first 10200 bottles of wine produced this season will etch beyond 10200 drops by $0.0003 for each additional bottle sold Assuming at least 10200 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.)

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs

Section: Chapter Questions

Problem 1EP

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Profit of a Vineyard Phillip, the proprietor of a vineyard, estimates that the first 10400 bottles of wine produced this season will fetch a profit of $4 per bottle. However, the profit from each bottle beyond 10400 drops by $0.0003 for each additional bottle sold. Assuming at least 10400 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.) $4 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.) %24
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