Mathematics, 04.04.2021 02:50 avery4428
At Otto’s egg farm, Otto has found that when he charges $0.05 per egg, he sell so many eggs that he cannot keep up with the demand and has zero profit. When he charges $0.17 per egg, he sells so few eggs that he has to throw some out and is also left with zero profit. Currently he charges $0.15 per egg and has a profit of $124 per day. Let p(c)be his profit in dollars, from charging c dollars per egg. Assume that p(c) is a quadratic function of c.
Find a formula for p(c)
What should Otto charge to maximize his profit? What will that profit be?
Answers: 2
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At Otto’s egg farm, Otto has found that when he charges $0.05 per egg, he sell so many eggs that he...
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