A manufacturer makes two models of an item, standard anddeluxe. It costs $40 to
Chapter 13, Problem 44(choose chapter or problem)
A manufacturer makes two models of an item, standard and deluxe. It costs $40 to manufacture the standard model and $60 for the deluxe. A market research firm estimates that if the standard model is priced at \(x\) dollars and the deluxe at \(y\) dollars, then the manufacturer will sell \(500(y-x)\) of the standard items and \(45,000+500(x-2 y)\) of the deluxe each year. How should the items be priced to maximize the profit?
Equation Transcription:
Text Transcription:
x
y
500(y-x)
45,000+500(x-2y)
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