Cost per bag $1.00 $1.50 $2.00 $2.75 Bags sold Profit per bag $0.20 $0.35 $0.60 $0.85 1,500,000 800,000 600,000 400,000 Which of the 4 price options listed in the table will maximize the total profit made by a potato chip manufacturer?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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100%
LL
Cost
per bag
$1.00
$1.50
$2.00
600,000
$2.75 400,000
Bags sold Profit
1,500,000
800,000
A. $1.50 per bag
C. $2.75 per bag
per bag
$0.20
$0.35
$0.60
$0.85
Which of the 4 price
options listed in the
table will maximize
the total profit made
by a potato chip
manufacturer?
A 9 a
B. $1.00 per bag
D. $2.00 per bag
Copyright © 2003-2022 International Academy of Science. All Rights
Reserved.
H
4x
Transcribed Image Text:LL Cost per bag $1.00 $1.50 $2.00 600,000 $2.75 400,000 Bags sold Profit 1,500,000 800,000 A. $1.50 per bag C. $2.75 per bag per bag $0.20 $0.35 $0.60 $0.85 Which of the 4 price options listed in the table will maximize the total profit made by a potato chip manufacturer? A 9 a B. $1.00 per bag D. $2.00 per bag Copyright © 2003-2022 International Academy of Science. All Rights Reserved. H 4x
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