A small company produces organic cookies. When the price is $6 per dozen, the average daily sales has been 72 dozen cookies. When the price was decreased to $3 per dozen, the average daily sales increased to 110 dozen cookies. Assume that daily cookie sales is linearly related to price per dozen. Each dozen cookies has a variable cost of 87 cents to make, plus additional daily fixed costs of $84.Find a function that models the daily profit in terms of the sales x in dozens of cookies. A small company produces organic cookies. When the price is $6.00 per dozen, the average daily sales hasbeen 72 dozen cookies. When the price was decreased to $3.00 per dozen, the average daily salesincreased to 110 dozen cookies. Assume that daily cookie sales is linearly related to price per dozen. Eachdozen cookies has a variable cost of 87 cents to make, plus additional daily fixed costs of $84.00Find a function that models the daily profit in terms of the sales x in dozens of cookies.P(z) =Now, find the daily profit when 44 dozen cookies are manufactured and sold.2$Round all answers to the nearest hundredth.

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Answered: A small company produces organic…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A small company produces organic cookies. When the price is $6 per dozen, the average daily sales has been 72 dozen cookies. When the price was decreased to $3 per dozen, the average daily sales increased to 110 dozen cookies. Assume that daily cookie sales is linearly related to price per dozen. Each dozen cookies has a variable cost of 87 cents to make, plus additional daily fixed costs of $84. Find a function that models the daily profit in terms of the sales x in dozens of cookies.

A small company produces organic cookies. When the price is $6.00 per dozen, the average daily sales has
been 72 dozen cookies. When the price was decreased to $3.00 per dozen, the average daily sales
increased to 110 dozen cookies. Assume that daily cookie sales is linearly related to price per dozen. Each
dozen cookies has a variable cost of 87 cents to make, plus additional daily fixed costs of $84.00
Find a function that models the daily profit in terms of the sales x in dozens of cookies.
P(z) =
Now, find the daily profit when 44 dozen cookies are manufactured and sold.
2$
Round all answers to the nearest hundredth.

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