Mr. Ripoff's gas station can sell 355 gallons of gas per day at $4.00 per gallon and 164 gallons at $5.00 per gallon. Mr. Ripoff pays $1.20 per gallon for the gas and has daily fixed costs of $500. Find the unit price p that will maximize revenue: Find the unit price p that will maximize profit: What is the maximum possible daily profit? dollars per gallon. dollars dollars.

Mr. Ripoff's gas station can sell 355 gallons of gas per day at $4.00 per gallon and 164 gallons at $5.00 per gallon. Mr. Ripoff pays $1.20 per gallon for the gas and has daily fixed costs of $500. Find the unit price p that will maximize revenue: Find the unit price p that will maximize profit: What is the maximum possible daily profit? dollars per gallon. dollars dollars.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

ChapterP: Prerequisites

Section: Chapter Questions

Problem 115RE: Sales Barnes & Noble had annual sales of $6.8 billion in 2013 and $6.1 billion in 2015. Use the...

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The manufacturer of a weight training bench spends $15 to build each bench and sells them for $32. The manufacturer also has fixed costs each month of $25,500. (a) Find the cost function C when x benches are manufactured. (b) Find the revenue function R when x benches are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.

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