Ryan N.

asked • 03/22/21

Question in description

Profit of a Vineyard

 Phillip, the proprietor of a vineyard, estimates that the first 9500 bottles of wine produced this season will fetch a profit of $7 per bottle. However, the profit from each bottle beyond 9500 drops by $0.0004 for each additional bottle sold.


Assuming at least 9500 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.)


What would be the profit/bottle in this case? (Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.)


1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.