Woolly Winker's peanut butter factory buys its nuts from two different suppliers, then produces peanut butter. Nuts from Farm X cost the factory $1 per pound, and nuts from Farm Y cost the factory $9 per pound. The selling price (in dollars) for Wally Wonkee's peanut butter can be modeled by p(x, y) - 100-z-y where z is the demand for peanut butter made from Farm X's nuts and y is the demand for peanut butter made from Farm Y's nuts. Assume that 0z, y. Then Woolly Winker's max profit is attained when pounds pounds y- The amount of the factory's maximum profit is S 2- 4

Woolly Winker's peanut butter factory buys its nuts from two different suppliers, then produces peanut butter. Nuts from Farm X cost the factory $1 per pound, and nuts from Farm Y cost the factory $9 per pound. The selling price (in dollars) for Wally Wonkee's peanut butter can be modeled by p(x, y) - 100-z-y where z is the demand for peanut butter made from Farm X's nuts and y is the demand for peanut butter made from Farm Y's nuts. Assume that 0z, y. Then Woolly Winker's max profit is attained when pounds pounds y- The amount of the factory's maximum profit is S 2- 4

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Related questions

Q: 28. Sweet Delight Candies, Inc., has daily fixed costs from salaries and build- ing operations of…

A: (a) Let the number of pounds of candies be x.The total production cost for x pounds of candy is =…

Q: A manufacturer of two products (Widgets and Gadgets) makes a profit of $110 for each widget sold and…

A: Given- A manufacturer of two products (Widgets and Gadgets) makes a profit of $110 for each widget…

Q: Suppose you're making hand-carved birdhouses to sell in an online store. The price function for how…

Q: Suppose the supply and demand for a certain textbook are given by supply: p=- 19². quantity and the…

Q: A store sells two brands of camping chairs. The store pays $20 for each brand A chair and $50 for…

A: Given x=1686-5p+qy=183+p-3q (A) Demand for x and y when p = $140 and q=$90 substitute the values in…

Q: production of the t-shirts,and the production cost per unit is US$2.30. Company B also manufactures…

Q: Wilderness Fanatic, a manufacturer of outdoor goods, is willing to supply 1100 of its Blue Thrash…

Q: Suppose that the market research found the following relationships for Apple's iPhone 14 in 2022…

A: The supply equation is:2q-14p=100The demand equation is:15q+p=4200

Q: AMBK Company manufactures furniture such as sofas and tables. In their current inven- tory, a total…

A: Each sofa need 4 plank of wood Each table need 2 plank of wood Total availability of wood 48 plank…

Q: Suppose you are determining the growth rate of two species of plants. Species A is 25 cm tall and…

Q: ... 9田回 =。 = E ▼=▼三EX 8. 16 14. A toy store sells Spinners and Fidget Cubes, the owner pays $4 for…

Q: Given the supply and demand functions of good p = x3 + 2xs + 12 p = -x3 – 4xp + 68 Calculate the…

A: At equilibrium, the demand curve crosses the supply curve . Hence, xs=xp=x . The solution of the…

Q: in 2009, car A cost about $28,961 and car B cost about $ 17,382. Car A depreciates by 3920 each…

A: Given: In 2009, Cost of car A=$28961 Cost of car B=$17382 The values (in dollars) for car A is…

Q: The supply and demand equations for a given commodity are: p - 2x = 154 = 1000 4p + 5x2 vhere x is…

A: p-2x=154 (1)4p+5x2=1000 (2) Put p=2x+154 in equation…

Q: You have been offered two jobs! You don't know which one to accept. Costco has offered you…

Q: Javid is interested in purchasing some shoes. He went to payless and enquired about the cost per…

A: The price for which an article is bought is called its cost price. The price at which an article is…

Q: keting research department of a large manufacturing comp d equations for two major items it produces…

A: Given, Demand Function is p=2000-5x+8yq=4000+9x-7y Total monthly revenue from items A and items B is…

Q: A manufacturer of two products (Widgets and Gadgets) makes a profit of $130 for each widget sold and…

A: Given that,For each widget and gadget that is sold, the maker generates a profit of $130 and $100…

Q: Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands and selling…

Question

Woolly Winker's peanut butter factory buys its nuts from two different suppliers, then produces peanut
butter. Nuts from Farm X cost the factory $1 per pound, and nuts from Farm Y cost the factory $9 per
pound.
The selling price (in dollars) for Wally Wonkee's peanut butter can be modeled by p(x, y) = 100-z-y
where is the demand for peanut butter made from Farm X's nuts and y is the demand for peanut butter
made from Farm Y's nuts. Assume that 0, y. Then Woolly Winker's max profit is attained when
pounds
y =
pounds
The amount of the factory's maximum profit is $

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

A grocery store sells two brands of a product, the "house" brand and a "name" brand. The manager estimates that if she sells the "house" brand for x dollars and the "name" brand for y dollars, she will be able to sell 63 – 10x + 21y units of the "house" brand and 40 + 13x – 10y units of the "name" brand. Step 1 of 2: Find the revenue function R(x, y).
herseys makes chocolate. the old way 6gm sugar and 3 gm chocolate per liter. the new process uses 2gm sugar and 4gm chocolate per liter. herseys makes a profit of 25cents per liter the old way and 16cents per liter the new way. no more than 18000gm of sugar and 12000gm of choclate can be used daily. how many liters should be made daily under each process to maximize profits? what is the maximum profit? using contraints by simplex.
A restaurant is working to determine the supply and demand for their newest entrée. Based on preliminary research, they found that their demand function is 5q+28p=962 and the supply function is -q+7p=47 p q is the number of entrées ordered. Based on their preliminary research, what would be the market equilibrium price for the new entrée?
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.
In the market for a good, the equilibrium point occurs when 6095 units are producedat a price of $12.50. The producer of the good will supply no units at $1 and theconsumers will demand no units if the price is $25. Find the supply equation Qs(p)and demand equation Qd(p) if they are both linear.
A store sells two brands of camping chairs. The store pays $50 for each brand A chair and $100 for each brand B chair. The research department has estimated that the weekly demand equations for these two competitive products to be the following, where p is the selling price for brand A, q is the selling price for brand B, and x and y are the average number of chairs sold per week. Complete parts (A) and (B) below. x = 1119-5p+q y = 291 +p-3q Ine demand Tor X WIII de 689 (Type a whole number.) The demand for y will be 181. (Type a whole number.) Demand equation for brand A Demand equation for brand B .... (B) How should the store price each chair to maximize weekly profits? What is the maximum weekly profit? [Hint: C = 50x + 100y, R= px +qy, and P = R-C.] The equation for P is P(p,q) =.
This is a two part question. Collin has a small business selling hotdogs at tennis matches. He purchases all of the materials to make each hotdog for $2.60 and has fixed costs at each match of $10. Collin sells each hotdog to customers for $3.60. At most he can produce 42 hotdogs at a match. (1) Draw a complete break-even chart of Collin's hotdog business. Your picture should have a dot on the break-even point and lines for total revenue, total cost, and fixed cost. y, Revenue/Cost ($) 150 140 130 120 110 100 90 80 70 60 50- 40 30- 20 10 24 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 x, Units
Damian and Kira trade in antique cars. They typically buy either 1 or 2 cars at any given time, since they are difficult to find and expensive. The price per car P(Q) where Q is the total number of cars traded at a given time, is determined by the demand equation: K P(Q) =
(2-T) ABC is a small manufacturer of two types of popular all-terrain snow skis, the J and the D models. The manufacturing process consists of two principal departments: fabrication and finishing. The fabrication department has 12 skilled workers, each of whom works 7 hours per day. The finishing department has 3 workers, who also work a 7-hour shift. Each pair of J skis require 3.5 labor hours in the fabricating department and 1 labor hour in finishing. The D model requires 4 labor hours in fabricating and 1.5 labor hours in finishing. The company operates 5 days a week. ABC makes a net profit of $50 on the J model and $65 on the D model. In anticipation of the next ski-sale season, ABC must plan its production of these two models. Because of the popularity of its products and limited production capacity, its products are in high demand, and ABC can sell all it can produce each season. The company anticipates selling at least twice as many D as J models. (Use Geogebra) Write your LP…
. If the supply and demand functions for a commodity are given by 8 p − q = 290 and (p+2)q =5720, respectively, find the price that will result in market equilibrium.
Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands for these two cameras are as follows: D = demand for the Sky Eagle, Ps is the selling price of the Sky Eagle, D is the demand for the Horizon, and PH is the selling price of the Horizon. Ds = 223 -0.60PS +/0.35PH DH = 273 +0.10PS - 0.64PH The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function for these two models. (Enter your answer in terms of P and P.) revenue = Find the prices that maximize revenue. (Round your answers to two decimal places.) (PS, PH) =
ONLY ANSWER B3!!! The inventory manager at a warehouse distributor wants to predict inventory cost (Cost in $) based on order quantity (Quantity in units). She thinks it may be a nonlinear relationship because its two primary components move in opposite directions: (1) order processing cost (costs of procurement personnel, shipping, transportation), which decreases as order quantity increases (due to fewer orders needed), and (2) holding cost (costs of capital, facility, warehouse personnel, equipment), which increases as order quantity increases (due to more inventory held). She has collected monthly inventory costs and order quantities for the past 36 months. A portion of the data is shown in the accompanying table. Cost Quantity 54.4 844 52.1 503 60.2 300 53.8 869 51.7 525 57.1 1030 61.1 288 49.8 577 53.9 490 48.2 588 47.5 606 57.4 325 59.6 1160 58.2 1072 58.7 308 58.1 1140 48.4 627 63.4 214 62.5 207 62.5 1174 62.7 1190 61.2 1166…