Mary sells T-shirts in a stall at the shopping centre. When she charges £15 per T-shirt she does not sell anything, however she noticed that every time she reduces the selling prince by £1, sells 15 more t-shirts per hour. A T- shirt cost £4.50 to make and she is charged £130 a day for her stall. Mary opens her stall from 10am to 8pm. a. Write the equation to calculate the maximum profit b. Using the equation write in a table the price and profit for price ranging from £15 to £3 c. Plot a graph and draw a diagram to represent the profit d. What is the maximum possible profit? What should be the selling price to achieve it?

Mary sells T-shirts in a stall at the shopping centre. When she charges £15 per T-shirt she does not sell anything, however she noticed that every time she reduces the selling prince by £1, sells 15 more t-shirts per hour. A T- shirt cost £4.50 to make and she is charged £130 a day for her stall. Mary opens her stall from 10am to 8pm. a. Write the equation to calculate the maximum profit b. Using the equation write in a table the price and profit for price ranging from £15 to £3 c. Plot a graph and draw a diagram to represent the profit d. What is the maximum possible profit? What should be the selling price to achieve it?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please no written by hand solutions The current president is seeking reelection, and in a bid to win it, he encourages fiscal and monetary policies that are expansionary, despite inflation creeping upward over the last few years. In your opinion, is this ethical behavior? Response should be 100-200 words in length, reflecting on the question.
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Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.