The Daily Profit from the Sale of a Product Is

question 35

Multiple Choice

The daily profit from the sale of a product is given by dollars. What is the maximum possible profit? Round intermediate calculations and final answer to the nearest dollar.

• A)$532
• B)$860
• C)$220
• D)$40
• E)$73

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Definitions:

Total Utility

The overall satisfaction or happiness a consumer derives from consuming a certain amount or combination of goods and services.

Olive Oil

A liquid fat obtained from olives, a traditional tree crop of the Mediterranean Basin, used in cooking, cosmetics, and as a fuel.

Dish Soap

A cleaning product used to wash dishes, cut through grease, and sanitize kitchenware.

Income

Earnings acquired, frequently on a steady basis, through employment or investing activities.