Bea Johnson, the owner of the Bea Nice boutique, estimates that when a particular kind of perfume

Question:

Bea Johnson, the owner of the Bea Nice boutique, estimates that when a particular kind of perfume is priced at p dollars per bottle, she will sell


image



bottles per month at a total cost of C(p) = 0.2p2 + 3p + 200 dollars


a. Express Bea’s profit P(p) as a function of the price p per bottle.


b. At what rate is the profit changing with respect to p when the price is $12 per bottle? Is profit increasing or decreasing at that price?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

Question Posted: