Question

A community bird-watching society makes and sells simple bird feeders to raise money for its conservation activities. The materials for each feeder cost $4, and the society sells an average of 24 per week at a price of $8 each. The society has been considering raising the price, so it conducts a survey and finds that for every dollar increase, it loses 3 sales per week.(a) Find a function that models weekly profit in terms of price per feeder. (Let x represent the price per feeder and P represent the profit.) (b) What price should the society charge for each feeder to maximize profits?What is the maximum weekly profit?

Answer 1