document.write( "Question 1060581: Jack & Jill charge $20 for a custom painted water pail. They currently sell 80 water pails a month. They estimate that for each $1 decrease in the cost of the pails, they could sell 15 more pails a month. What price will maximize Jack & Jill's income? If they charges this price, how much income should they expect? \n" ); document.write( "
Algebra.Com's Answer #675502 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! Let \n" ); document.write( "Let \n" ); document.write( "------------------------------- \n" ); document.write( "[ income ] = [ price per pail ] x [ number of pails sold ] \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The n-value of the vertex ( max in this case ) is: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "----------------------------- \n" ); document.write( "Going back to original equation: \n" ); document.write( "[ price/pail ] = \n" ); document.write( "The price that maximizes income is: \n" ); document.write( " \n" ); document.write( "$12.33 \n" ); document.write( "----------------------------- \n" ); document.write( "The max income at this price is: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "$2,406.67 \n" ); document.write( "----------------------- \n" ); document.write( "here's the plot: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |