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

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?

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Related Book For answer-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

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Question Posted: May 28, 2023 04:47 AM

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

Question:

B(p) 500 P + 3 P≥ 5

Step by Step Answer:

a Since profit equals revenue minus cost and ...View the full answer

Calculus For Business, Economics And The Social And Life Sciences

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