The monthly profit for a small company that makes long-sleeve T-shirts depends on the price per shirt. If the price is too high, sales will drop. If the price is too low, the revenue brought in may not cover the cost to produce the shirts. After months of data collection, the sales team determines that the monthly profit is approximated byf(p) =-50p +2050p-20,700, where p is the price per shirt and f(p) is the monthly profit based on that price. (a) Find the price that generates the maximum profit. (b) Find the maximum profit. (c) Find the price(s) that would enable the company to break even. If there is more than one price, use the "and" button.
The monthly profit for a small company that makes long-sleeve T-shirts depends on the price per shirt. If the price is too high, sales will drop. If the price is too low, the revenue brought in may not cover the cost to produce the shirts. After months of data collection, the sales team determines that the monthly profit is approximated byf(p) =-50p +2050p-20,700, where p is the price per shirt and f(p) is the monthly profit based on that price. (a) Find the price that generates the maximum profit. (b) Find the maximum profit. (c) Find the price(s) that would enable the company to break even. If there is more than one price, use the "and" button.
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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