. Maximizing Profit A community bird-watching societymakes and sells simple bird feeders to raise money for itsconservation activities. The materials for each feeder cost $6,and the society sells an average of 20 per week at a price of$10 each. The society has been considering raising the price,so it conducts a survey and finds that for every dollarincrease, it will lose 2 sales per week.(a) Find a function that models weekly profit in terms ofprice per feeder.(b) What price should the society charge for each feederto maximize profits? What is the maximum weeklyprofit?
. Maximizing Profit A community bird-watching societymakes and sells simple bird feeders to raise money for itsconservation activities. The materials for each feeder cost $6,and the society sells an average of 20 per week at a price of$10 each. The society has been considering raising the price,so it conducts a survey and finds that for every dollarincrease, it will lose 2 sales per week.(a) Find a function that models weekly profit in terms ofprice per feeder.(b) What price should the society charge for each feederto maximize profits? What is the maximum weeklyprofit?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter3: The Derivative
Section3.EA: Extended Application A Model For Drugs Administered Intravenously
Problem 5EA: 5. Use the table feature on a graphing calculator or a spreadsheet to develop a table that shows how...
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. Maximizing Profit A community bird-watching society
makes and sells simple bird feeders to raise money for its
conservation activities. The materials for each feeder cost $6,
and the society sells an average of 20 per week at a price of
$10 each. The society has been considering raising the price,
so it conducts a survey and finds that for every dollar
increase, it will lose 2 sales per week.
(a) Find a function that models weekly profit in terms of
price per feeder.
(b) What price should the society charge for each feeder
to maximize profits? What is the maximum weekly
profit?
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