A grower estimates that if he picks his apple cropnow, he
Chapter , Problem 1-68(choose chapter or problem)
A grower estimates that if he picks his apple cropnow, he will obtain 1000 boxes of apples, whichhe can sell at $3 per box. However, he thinkshis crop will increase by 120 boxes of apples foreach week he delays picking, but that the pricewill drop at a rate of 15?c per box per week;in addition, he estimates that approximately 20boxes per week will spoil for each week he delayspicking.(a)Whenshould he pick his crop to obtain the largesttotal cash return? How much will he receive forhis crop at that time?(b)Build a spreadsheet (see Appendix A) to calcu- latetheprofitfor0,1,2,...,6weeks.
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