A brewery produces castle beer which is distributed in barrels. The brewery incurs a monthly fixed cost

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A brewery produces castle beer which is distributed in barrels. The brewery incurs a monthly fixed cost of R12, 000 and a variable cost per barrel of R20. The brewery has developed the following profit function and demand constraint. Maximize Z = VP – R 12,000 – 20v Subject to V = 1,800 – 15p Develop the nonlinear profit function and determine the price that will maximize profit, the optimal volume, and the maximum profit per month. (10) Draw and clearly indicate the maximum profiting price as well as the optimal volume. (8) What would be the maximum profit if the price were to be fixed at R 25?

Posted Date: Nov 12, 2021 02:33 PM

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A brewery produces castle beer which is distributed in barrels. The brewery incurs a monthly fixed cost

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