Question

A nursery sells mulch by the truckload. Bark mulch sells for $b per load, and pine...

A nursery sells mulch by the truckload. Bark mulch sells for $b per load, and pine straw sells for $p per load. The nursery's average weekly profit from the sale of these two types of mulch can be modeled as

P(p, b) = 140p − 3p2 − pb − 2b2 + 130b + 25 dollars.

(a) How much should the nursery charge for each type of mulch to maximize the weekly profit from the sale of mulch? (Round your answers to the nearest cent.)

pine straw     $
bark mulch     $


(b) Explain how the Determinant Test verifies that the result in part (a) gives the maximum profit.

Since the determinant of the second partials  matrix is  ---Select--- greater than less than greater than or equal to less than or equal to equal to 0 and the second partial Ppp is  ---Select--- greater than less than greater than or equal to less than or equal to equal to 0, the prices result in a maximum profit.


(c) What is the maximum weekly profit from the sales of these two types of mulch? (Round your answer to the nearest dollar.)
$

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A restaurant mixes ground beef that costs $b per pound with pork sausage that costs $p...
A restaurant mixes ground beef that costs $b per pound with pork sausage that costs $p per pound to make a meat mixture that is used on the restaurant's signature pizza. The quarterly revenue, in thousands of dollars, from the sale of this pizza is modeled as R(b, p) = 16b − 3b2 − bp − 2p2 + 14p. (a) At what prices should the restaurant try to purchase ground beef and pork sausage to maximize the quarterly revenue from...
Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the...
Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the production department reports that the distribution of the bag weights follows the normal distribution and the standard deviation of this process is 3 pounds per bag. At the end of each day, Jeff Rutter, the production manager, weighs 10 bags and computes the mean weight of the sample. Below are the weights of 10 bags from today's production. 45.0 47.7 47.6 46.3 46.2 47.4...
Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the...
Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the production department reports that the distribution of the bag weights follows the normal distribution and the standard deviation of the packaging process is 3 pounds per bag. At the end of each day, Jeff Rutter, the production manager, weighs 10 bags and computes the mean weight of the sample. Below are the weights of 10 bags from today’s production. 45.6 47.7 47.6 46.3 46.2...
Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the...
Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the production department reports that the distribution of the bag weights follows the normal distribution and the standard deviation of the packaging process is 3 pounds per bag. At the end of each day, Jeff Rutter, the production manager, weighs 10 bags and computes the mean weight of the sample. Below are the weights of 10 bags from today’s production. 45.6 47.7 47.6 46.3 46.2...