• Determine the maximum revenue and the production level that will realize this. • Assume that Plan for Ants Inc. incur daily cost of 10 pesos per pot due to production issues, what should now be the price to maximize profit? What is the maximum profit? • [For this item, no need to solve, Use reasoning.] Suppose that Plan for Ants Inc. was able to find a more efficient process, such that the daily cost incurred per pot is less than 10 pesos. Do you think that the price that will maximize profit is greater or less than the price found in part (b)? Will the maximum profit in this case be greater than or less than the one in part (b)?
• Determine the maximum revenue and the production level that will realize this. • Assume that Plan for Ants Inc. incur daily cost of 10 pesos per pot due to production issues, what should now be the price to maximize profit? What is the maximum profit? • [For this item, no need to solve, Use reasoning.] Suppose that Plan for Ants Inc. was able to find a more efficient process, such that the daily cost incurred per pot is less than 10 pesos. Do you think that the price that will maximize profit is greater or less than the price found in part (b)? Will the maximum profit in this case be greater than or less than the one in part (b)?
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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[second item] pls check the image below...
![Plan for Ants Inc. is a company that produces and sells 100 yellow flower pots
each day at a price of Php 200 per pot.
After thorough marketing research, Plan for Ants Inc. determined that every
5 peso reduction in price per pot, the company can sell 5 more pots per day.
• Determine the maximum revenue and the production level that will
realize this.
• Assume that Plan for Ants Inc. incur daily cost of 10 pesos per pot due
to production issues, what should now be the price to maximize profit?
What is the maximum profit?
• [For this item, no need to solve, Use reasoning.]
Suppose that Plan for Ants Inc. was able to find a more efficient
process, such that the daily cost incurred per pot is less than 10 pesos.
Do you think that the price that will maximize profit is greater or less
than the price found in part (b)?
Will the maximum profit in this case be greater than or less than the one
in part (b)?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55c22918-ad48-444d-aa20-bcc510abc892%2F09f5eaa3-421c-4626-b9a4-d7ebf098ef55%2F2nb8lu_processed.png&w=3840&q=75)
Transcribed Image Text:Plan for Ants Inc. is a company that produces and sells 100 yellow flower pots
each day at a price of Php 200 per pot.
After thorough marketing research, Plan for Ants Inc. determined that every
5 peso reduction in price per pot, the company can sell 5 more pots per day.
• Determine the maximum revenue and the production level that will
realize this.
• Assume that Plan for Ants Inc. incur daily cost of 10 pesos per pot due
to production issues, what should now be the price to maximize profit?
What is the maximum profit?
• [For this item, no need to solve, Use reasoning.]
Suppose that Plan for Ants Inc. was able to find a more efficient
process, such that the daily cost incurred per pot is less than 10 pesos.
Do you think that the price that will maximize profit is greater or less
than the price found in part (b)?
Will the maximum profit in this case be greater than or less than the one
in part (b)?
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