Greenyards manufactures and sells yard furniture made out of recycled materials. The company is considering making a lawn chair from recycled aluminum and fabric. The expense and revenue functions are E = 1,850p + 800,000 and R = 100p 2 + 20,000p.a. Determine the profit function.b. Determine the price, to the nearest cent, that yields the maximum profit.c. Determine the

Chapter 9, Application 9.7 #13

Greenyard’s manufactures and sells yard furniture made out of recycled materials. The company is considering making a lawn chair from recycled aluminum and fabric. The expense and revenue functions are E = –1,850p +  800,000 and R = –100p2 + 20,000p.
a. Determine the profit function.
b. Determine the price, to the nearest cent, that yields the maximum profit.
c. Determine the maximum profit, to the nearest cent.

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Financial Algebra Advanced Algebra With Financial Applications

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

ISBN: 9781337271790