A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink (d) How many laundry sinks will the co
A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink (d) How many laundry sinks will the co
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A company manufacturing laundry sinks has fixed costs of $100 per day but has total
costs of $2,500 per day when producing 15 sinks. The company has a daily demand function
of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of
a laundry sink
(d) How many laundry sinks will the company need to produce in order to maximise it′s profits?
(e) What is the maximum profit?
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