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Question: You are in charge of marketing a new pair of sunglasses: The Ray Bob. For a sales cycle, it costs a base amount of
Question:
You are in charge of marketing a new pair of sunglasses: The Ray Bob. For a sales cycle, it costs a base amount of $ and then $ for each pair of glasses produced. When you set the price at $ for a pair, you sell pairs. If you increase the price by $ you sell fewer pairs. Let be the number of pairs of glasses produced.
Model the function the production cost.
Model the function the price per pair of glasses.
Model the function the revenue from production.
Model the function the profit from production.
Find the value of that maximizes the profit.
Calculate the maximum profit. Submit the answer below.
Note: Your answer must be written in decimal form with EXACTLY decimal places of precision.
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