2-15. An exporter of leather handbags has just entered anew market. This exporter faces the following relationshipbetween the price of handbags and the demand for them:p = 5+4800/D – 3000/D², for D > 0-where p is the price per unit in dollars and D is the demandper month. The exporter wants to maximize his profit.The fixed cost is $2,000 per month and the variable cost(cy) is $35 per unit. (2.2)a. What is the number of leather handbags that should beproduced and sold each month, in order to maximizeprofit?b. How do you know that your answer to Part (a)maximizes profit?

Answered: Image /qna-images/answer/db73e3fa-577a-41f5-9221-04dc9b833193.jpg

2-15. An exporter of leather handbags has just entered a new market. This exporter faces the following relationship between the price of handbags and the demand for them: p = 5+ 4800/D – 3000/D², for D > 0 woH where p is the price per unit in dollars and D is the demand ner month The exnorto

2-15. An exporter of leather handbags has just entered a new market. This exporter faces the following relationship between the price of handbags and the demand for them: p = 5+ 4800/D – 3000/D², for D > 0 woH where p is the price per unit in dollars and D is the demand ner month The exnorto

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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Concept explainers

Basic Terminology in Mechanics

The area of science and mathematics concerned the motion of the objects, the relation between the force matter, and motion if specified. Forces exerted over the objects result in displacements or changes in the position of an object concerning its environment. This branch of physics keeps its roots in Ancient Greece in the form of the scripts of Aristotle and Archimedes.

Question

2-15. An exporter of leather handbags has just entered a
new market. This exporter faces the following relationship
between the price of handbags and the demand for them:
p = 5+4800/D – 3000/D², for D > 0
-
where p is the price per unit in dollars and D is the demand
per month. The exporter wants to maximize his profit.
The fixed cost is $2,000 per month and the variable cost
(cy) is $35 per unit. (2.2)
a. What is the number of leather handbags that should be
produced and sold each month, in order to maximize
profit?
b. How do you know that your answer to Part (a)
maximizes profit?

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