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Solved: Optimal Profit A merchant plans to sell two models

College Algebra | 9th Edition | ISBN: 9781133963028 | Authors: Ron Larson ISBN: 9781133963028 204

Solution for problem 6.6.37 Chapter 6

College Algebra | 9th Edition

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College Algebra | 9th Edition | ISBN: 9781133963028 | Authors: Ron Larson

College Algebra | 9th Edition

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Problem 6.6.37

Optimal Profit A merchant plans to sell two models of MP3 players at prices of $225 and $250. The $225 model yields a profit of $30 per unit and the $250 model yields a profit of $31 per unit. The merchant estimates that the total monthly demand will not exceed 275 units. The merchant does not want to invest more than $63,000 in inventory for these products. What is the optimal inventory level for each model? What is the optimal profit?

Step-by-Step Solution:
Step 1 of 3

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Step 2 of 3

Chapter 6, Problem 6.6.37 is Solved
Step 3 of 3

Textbook: College Algebra
Edition: 9
Author: Ron Larson
ISBN: 9781133963028

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Solved: Optimal Profit A merchant plans to sell two models