FREE Trial S
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

MaysellsTshirtsinastallattheshoppingcenter.Whenshecharges15perTshirtshedoesnotsellanything,howevershenoticedthatevery timeshereducesthesellingprinceby1,sells 15moreTshirtsperhour.ATshirtcost4.50tomakeandsheischarged130adayforherstall. Mayopensherstallfrom10amto8pm. Q1 Writetheequationtocalculatethemaximumprofit and explain how the equation is formed Q2. Usingtheequationwriteinatablethepriceandprofitforpricerangingfrom15to3 Q3.Plotagraphanddrawadiagramtorepresenttheprofit Q4.What is the maximum possible profit and how you

MaysellsTshirtsinastallattheshoppingcenter.Whenshecharges15perTshirtshedoesnotsellanything,howevershenoticedthatevery timeshereducesthesellingprinceby1,sells 15moreTshirtsperhour.ATshirtcost4.50tomakeandsheischarged130adayforherstall. Mayopensherstallfrom10amto8pm.

Q1 Writetheequationtocalculatethemaximumprofit and explain how the equation is formed

Q2. Usingtheequationwriteinatablethepriceandprofitforpricerangingfrom15to3

Q3.Plotagraphanddrawadiagramtorepresenttheprofit

Q4.What is the maximum possible profit and how you calculate it? What should be the selling price to achieve it?Explain in details

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Abstract Algebra A First Course
Abstract Algebra A First Course

Authors: Dan Saracino

2nd Edition

ISBN: 1478618221, 9781478618225

More Books

Students explore these related Mathematics questions

Question

Oriental Sales Co. uses the first-in, first-out method in calculating cost of goods sold for three of the products that Oriental handles. Inventories and purchase information concerning these three...

Answered: 3 weeks ago

Question

Grande Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances...

Answered: 3 weeks ago

Question

Describe Freuds approach to psychotherapy, making sure you cover topics such as transference, free association, and countertransference.

Answered: 3 weeks ago

Question

Gold Tracker monitors the price of precious metals and has daily data on prices and sales of gold for the past several years. They estimated the following relationship (250 observations):...

Answered: 3 weeks ago

Question

Use this end-of-period spreadsheet to answer the question that follows. Finley Company End-of-Period Spreadsheet 48,389 The entry to close Dividends would be a. debit Common Stock, $4,000; credit...

Answered: 3 weeks ago

Question

can someone help me solve this question Find the absolute maximum and absolute minimum values of the function f(x) - 5 + 54x - 223 on the interval [0, 4] . Note: Write only the value, for example if...

Answered: 3 weeks ago

Question

1 . Examine which database solution your organization is currently employing. Once this has been determined, interview ( where available ) the decision - maker for employing this application as a...

Answered: 3 weeks ago

Question

Tom, age 48, is advised by his family physician that he needs back surgery to correct a problem from his last back surgery. Since Tom is in a wheel chair, he needs his wife, Jean, to accompany him on...

Answered: 3 weeks ago

Question

The company named Canadian Shield will enter the market of China, Japan, and Germany; Please make an international business environmental Socio-Cultural analysis for China, Japan, and Germany in the...

Answered: 3 weeks ago

Question

Andretti Company has a single product called a Dak. The company normally produces and sells 88,000 Daks each year at a selling price of $56 per unit. The company's unit costs at this level of...

Answered: 3 weeks ago

Question

Now that you've explained it, your Events Manager at Hilton believes LEED is a good idea, but that becoming a Zero Carbon certified building is a better path to take. There are a number of strategies...

Answered: 3 weeks ago

Question

1. What information of vital importance is not expressed in the message? The answer to the question tells us a little about the code used between the parties.

Answered: 3 weeks ago

Question

2. Find five metaphors for communication.

Answered: 3 weeks ago

Question

5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

Answered: 3 weeks ago

Previous QuestionNext Question