Pregunta
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A community bird-watching society makes and sells simple bird feeders to raise money for its conservation activities. The
materials for each feeder cost , and the society sells an average of 28 per week at a price of each. The society has been
considering raising the price, so it conducts a survey and finds that for every dollar increase, it loses 2 sales per week.
(a) Find a function that models weekly profit in terms of price per feeder. (Let represent the price per feeder and
represent the profit.)
What is the maximum weekly profit?
(b) What price should the society charge for each feeder to maximize profits?
$

Ask by Klein Macdonald. in the United States
Mar 19,2025

Solución de inteligencia artificial de Upstudy

Respuesta verificada por el tutor

Responder

The weekly profit function is . The maximum weekly profit is $162, achieved when the price per feeder is $15.

Solución

Let be the price per feeder. The society’s original situation is a price of with 28 feeders sold per week. For every additional dollar, they lose 2 sales. Thus, for a price :
  • The number of feeders sold per week is
Each feeder has a material cost of ; hence the profit per feeder is
The weekly profit function is the product of the profit per feeder and the number of feeders sold:
Simplify the second factor:
Thus, the profit function becomes:
Next, expand the product:
This quadratic function, , opens downward (since the coefficient of is negative), meaning its vertex gives the maximum profit.
The -coordinate of the vertex is found by:
Thus, the maximum weekly profit occurs when the price per feeder is .
Now, calculate the maximum profit:
Step by step:
Therefore, the maximum weekly profit is .

Respondido por UpStudy AI y revisado por un tutor profesional

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Mind Expander

Let’s dive into creating a profit function for the bird-watching society!
First up: the profits derived from the feeders! The profit is calculated by taking the total revenue minus the total costs. The total revenue from selling feeders at price each is . Initially, they sell 28 feeders at . For every dollar increase in price, sales drop by 2, so if they sell feeders at price , we have:
Now, costs are pretty straightforward: total costs are , meaning:
Thus, the profit function becomes:
Now, let’s find the maximum profit! The maximum profit of a quadratic function occurs at :
Here, and :
At :
The number of feeders sold is .
Total revenue:
Total cost:
Thus,
So to wrap it up:
(a) The profit function is .
The maximum weekly profit is .
(b) The optimal price to maximize profits is .

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