Question: Consider the nonlinear potato chip production problem discussed in Lectures 6-7 in Week 8,where demand,revenue and profit are given to also depend on price. In
Consider the nonlinear potato chip production problem discussed in Lectures 6-7 in Week 8,where demand,revenue and profit are given to also depend on price. In class,we had seen that the optimal prices are $3.86 for 1kg of plain chips and $4.26 for 1kg of Mexican chips,for a maximum profit of $218.690.What is the optimal profit or solution returned by Solver when we require prices to be in full dollar amounts(e.g,$1,$2,$3,$4,etc.)?Type your answer in dollars or words.
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