The manager of a peach orchard is trying to decide when to arrange for picking the peaches.
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Question:
The manager of a peach orchard is trying to decide when to arrange for picking the peaches. If they are picked now, the average yield per tree will be 100 pounds, which can be sold for 80 cents per pound. Past experience shows that the yield per tree will increase about 5 pounds per week, while the price will decrease about 4 cents per pound per week.
a.) Let x represent the number of weeks that the manager should wait. Find the total revenue from a tree.
b.) When should the peaches be picked in order to produce maximum revenue?
c.) What is the maximum revenue?
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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