To raise money, a service club has been collecting used bottles that it plans to deliver to
Question:
To raise money, a service club has been collecting used bottles that it plans to deliver to a local glass company for recycling. Since the project began 80 days ago, the club has collected 24,000 pounds of glass for which the glass company currently offers 1 cent per pound. However, since bottles are accumulating faster than they can be recycled, the company plans to reduce by 1 cent each day the price it will pay for 100 pounds of used glass. Assuming that the club can continue to collect bottles at the same rate and that transportation costs make more than one trip to the glass company unfeasible, express the club’s revenue from its recycling project as a function of the number of additional days the project runs. Draw the graph, and estimate when the club should conclude the project and deliver the bottles to maximize its revenue.
Step by Step Answer:
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price