EBK INTRO.TO MANAGEMENT SCIENCE
12th Edition
ISBN: 9780133825770
Author: Taylor
Publisher: PEARSON
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Chapter 10, Problem 1P
Summary Introduction
To develop: The nonlinear profit function for the company and determine the price, which would maximize the profit.
Expert Solution & Answer
Explanation of Solution
Given information:
It is given that the fixed cost is$7,500, variable cost is $40, and it is stated that the price is related to demand. In addition to this, the following equation is given:
Develop the nonlinear profit function and determine the price:
Determine the price:
Solver parameter:
Formulae to determine the table value:
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PepsiCo South Africa says the incident where a woman discovered part of a rodent in her loaf of bread, is anisolated occurrence.Durban woman, Nombulelo Mkumla, took to social media last week to share how she discovered the rodent.In a lengthy Facebook post, she said she purchased the loaf of bread from a local shop after work on August 27.For the next days, Mkumla proceeded to use slices of bread from the load to make toast."Then, on the morning of August 31, I took the bread out of the fridge to make toast and noticed something disgusting andscary. I took a picture and sent it to my friends, and one of them said, 'Yi mpuku leyo tshomi' [That's a rat friend]“."I was in denial and suggested it might be something else, but the rat scenario made sense - it's possible the rat got into thebread at the factory, and no one noticed," Mkumla said.She went back to the shop she'd bought the bread from and was told to lay a complaint directly with the supplier.She sent an email with a video and…
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