Question
McDuff Preserves expects to bottle and sell 2,500,000 32-oz jars of jam at a uniform rate throughout the year. The company orders its containers from
McDuff Preserves expects to bottle and sell 2,500,000 32-oz jars of jam at a uniform rate throughout the year. The company orders its containers from Consolidated Bottle Company. The cost of ordering a shipment of bottles is $180, and the cost of storing each empty bottle for a year is $0.43. (Assume that each shipment of bottles is used up before the next shipment arrives. Round your answers to the nearest whole number.)
b) What price should Cal Supermarkets charge for each product to maximize its weekly revenue?
How many pounds of each product will then be sold?
What is the maximum revenue?
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