55. A beverage company produces bottled water. Each bottle costs the company $0.02 to produce, and the company has fixed costs of $1500 each week. If the company sells the bot- tled water for $1.19 per bottle, it will sell 1500 bottles. For every $0.25 decrease in price, it will sell 500 more bottles. How many bottles does the company need to produce (and sell) in order to earn $300 in profits this week?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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55. A beverage company produces bottled water. Each bottle
costs the company $0.02 to produce, and the company has
fixed costs of $1500 each week. If the company sells the bot-
tled water for $1.19 per bottle, it will sell 1500 bottles. For
every $0.25 decrease in price, it will sell 500 more bottles.
How many bottles does the company need to produce (and
sell) in order to earn $300 in profits this week? 

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