The rug manufacturer in finds that maximum income occurs when no high-grade carpet is
Chapter 4, Problem 28(choose chapter or problem)
The rug manufacturer in finds that maximum income occurs when no high-grade carpet is produced. If the price of the low-grade carpet is kept at $300 per roll, in what price range should the high-grade carpet be sold so that income is maximized by selling some rolls of each type of carpet? Assume all other data remain the same.
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