The Rainwater Brewery produces beer, which it sells to distributors in barrels. The brewery incurs a monthly
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The Rainwater Brewery produces beer, which it sells to distributors in barrels. The brewery incurs a monthly fixed cost of $12,000, and the variable cost per barrel is $17. The brewery has developed the following profit function and demand constraint:
Solve this nonlinear programming model for the optimal price (p).
Transcribed Image Text:
maximize Z = vp $12,000 17v - subject to v = 1,800 15 p
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