That is right because it has 5 so it could be 4.8 and/or 4.9
Answer:
b and d/ a and c
Step-by-step explanation:
Answer:
Step-by-step explanation:
Answer:
Step-by-step explanation:
From the given information:
a) To express the weekly profit as a function of price
Cost =C(q) = 1500 + 10q
Revenue = p×q = (50 − 0.1q)×q = 50q - 0.1q²
Revenue = 50q - 0.1q²
Weekly profit = Revenue - Cost
P(q) = (50q -0.1q²) - (1500 + 10q)
P(q)= -0.1 q² + 40 q - 1500
However, q = 500 - 10 p using p = 50 − 0.1q
P= -0.1 (500 - 10 p)² + 40 (500 - 10 p) - 1500
P= -10 p² + 600 p - 6500
b)
The price at which the bottle of the wine must be sold to realise a maximum profit can be determined by finding the derivative and then set it to 0
P' = 0
= -20p+600 = 0
20p = 600
p = 600/20
p = $30
c)
The maximum profit that can be made by the producer is:
P= -10(30)² + 600(30) - 6500
P = - 9000 + 18000 - 6500
P = $2500
