A grocers daily profit from the sale of two brands of cat food is cents, where x
Question:
A grocer’s daily profit from the sale of two brands of cat food is
cents, where x is the price per can of the first brand and y is the price per can of the second. Currently the first brand sells for 50 cents per can and the second for 52 cents per can. Use marginal analysis to estimate the change in daily profit that will result if the grocer raises the price of the second brand by 1 cent per can but keeps the price of the first brand unchanged.
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The profit is Px y x 3070 5x 4y y 4080 6x 7y cents An approximation t...View the full answer
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Related Book For 
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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