Question

retired potter can produce pitchers at a cost of $5 each. He estimates his price function...

retired potter can produce pitchers at a cost of $5 each. He estimates his price function to be

p = 19 − 0.5x,

where p is the price at which exactly x pitchers will be sold per week. Find the number of pitchers that he should produce and the price that he should charge in order to maximize profit. Also find the maximum profit.

quantity     pitchers
price $
profit $
Math   Calculus   
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Answer #1

in order to maximize the profit potter should produce 14 pitchers and sold them at price 12 dollars each so that he earn 98 dollars profit which is maximum.

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