Question: Just need help confirming the answer? Not sure if I answered correctly. Thank you! At the consulting agency, water/wastewater customers fall under two categories: commercial

Just need help confirming the answer? Not sure if I answered correctly.

Thank you!

Just need help confirming the answer? Not sure if I answered correctly.

At the consulting agency, water/wastewater customers fall under two categories: commercial and residential customers. The commercial customers have a demand curve of d1 = 2,750 - 85p1. While residential customers have a demand curve of d2 = 7,800 - 62p2. The water/wastewater operation cost is c = $2 per unit or gallon. If the water/wastewater treatment operation capacity is limited to 5,000 gallons, what should the consulting agency recommend to charging each segment? What is the total profit at this price? Commercial = $34.04 and Residential = $65.72 with Total Profit = $276,024 Commercial = $26.71 and Residential = $72.43 with Total Profit = $267,500 O Commercial = $18.04 and Residential = $64.77 with Total Profit = $257,050 Commercial = $18.29 and Residential = $84.29 with Total Profit = $331,286

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!