What price should the manufacturer sell each light bulb to make the maximum profit each month?
September 10th, 2008 | by admin |
grace asked:
A manufacturer has been selling light bulbs for $2.00 each. At his price, people have benn buying 1,000 bulbs per month. The manufacturer has caculated that for every $1.00 increase per bulb, 40 fewer bulbs will be sold each month. It costs the manufacturer $0.60 to make each light bulb. Assume the manufacturer sells every light bulb that it makes and that any whole number of light bulbs can be made.
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A manufacturer has been selling light bulbs for $2.00 each. At his price, people have benn buying 1,000 bulbs per month. The manufacturer has caculated that for every $1.00 increase per bulb, 40 fewer bulbs will be sold each month. It costs the manufacturer $0.60 to make each light bulb. Assume the manufacturer sells every light bulb that it makes and that any whole number of light bulbs can be made.
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