Giant purchases bone-in short ribs for $3/lb. and boneless short ribs for $4/lb. Let p denote the price at which they sell bone-in short ribs and q the price at which they sell boneless short ribs. Suppose 2000 -150p +100q pounds of bone- in short rib are sold and 1000 + 180p -120q pounds of boneless short rib are sold. Determine the prices that Giant should set to maximize profit.
Giant purchases bone-in short ribs for $3/lb. and boneless short ribs for $4/lb. Let p denote the price at which they sell bone-in short ribs and q the price at which they sell boneless short ribs. Suppose 2000 -150p +100q pounds of bone- in short rib are sold and 1000 + 180p -120q pounds of boneless short rib are sold. Determine the prices that Giant should set to maximize profit.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Giant purchases bone-in short ribs for $3/lb. and boneless short ribs for $4/lb. Let p denote the price at which they sell bone-in short ribs and q the price at which they sell boneless short ribs. Suppose 2000 -150p +100q pounds of bone- in short rib are sold and 1000 + 180p -120q pounds of boneless short rib are sold. Determine the prices that Giant should set to maximize profit.
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