er profit. She asked a market researcher to help her in d that at her current production capacity, each donut le each cupcake costs 25 pesos to make. On the other cudy estimates that if a donut is to be sold at r pesos y pesos per piece, then Tyra can expect to sell around d around (1159 -31y+17r) cinnamon rolls per week. sell each piece of pastry if she wants to maximize her num profit and how many of each pastry should she e school fair? Supply all solutions and computations. lebrating its 50th founding year, Tyra decided to fix the co 50 pesos. At what price should she sell each donut ximize her profit? What would be her maximum profit
er profit. She asked a market researcher to help her in d that at her current production capacity, each donut le each cupcake costs 25 pesos to make. On the other cudy estimates that if a donut is to be sold at r pesos y pesos per piece, then Tyra can expect to sell around d around (1159 -31y+17r) cinnamon rolls per week. sell each piece of pastry if she wants to maximize her num profit and how many of each pastry should she e school fair? Supply all solutions and computations. lebrating its 50th founding year, Tyra decided to fix the co 50 pesos. At what price should she sell each donut ximize her profit? What would be her maximum profit
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Al
![Tyra will be setting up a stall during the school fair where she plans
to sell cupcakes and donuts. She wanted to find out at what price she should sell
each product to maximize her profit. She asked a market researcher to help her in
this task. It was determined that at her current production capacity, each donut
costs 22 pesos to make, while each cupcake costs 25 pesos to make. On the other
hand, the market research study estimates that if a donut is to be sold at r pesos
per piece, and a cupcake at y pesos per piece, then Tyra can expect to sell around
(929-36x+23y) donuts and around (1159 - 31y+17x) cinnamon rolls per week.
5.
(a) How much should Tyra sell each piece of pastry if she wants to maximize her
profit? What is maximum profit and how many of each pastry should she
expect to sell during the school fair? Supply all solutions and computations.
(b) Since the school was celebrating its 50th founding year, Tyra decided to fix the
price of each cupcake to 50 pesos. At what price should she sell each donut
so that she can still maximize her profit? What would be her maximum profit
in this case?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fec38d1d7-6efe-451c-a5a0-ba7bbfd3a7b6%2F291c258b-0c1a-4ea0-b697-830b28a0fdf3%2Fqz9k1in_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Tyra will be setting up a stall during the school fair where she plans
to sell cupcakes and donuts. She wanted to find out at what price she should sell
each product to maximize her profit. She asked a market researcher to help her in
this task. It was determined that at her current production capacity, each donut
costs 22 pesos to make, while each cupcake costs 25 pesos to make. On the other
hand, the market research study estimates that if a donut is to be sold at r pesos
per piece, and a cupcake at y pesos per piece, then Tyra can expect to sell around
(929-36x+23y) donuts and around (1159 - 31y+17x) cinnamon rolls per week.
5.
(a) How much should Tyra sell each piece of pastry if she wants to maximize her
profit? What is maximum profit and how many of each pastry should she
expect to sell during the school fair? Supply all solutions and computations.
(b) Since the school was celebrating its 50th founding year, Tyra decided to fix the
price of each cupcake to 50 pesos. At what price should she sell each donut
so that she can still maximize her profit? What would be her maximum profit
in this case?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 6 steps with 6 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education