Phillip, the Proprietor of a Vineyard, Estimates That the First

question 31

Multiple Choice

Phillip, the proprietor of a vineyard, estimates that the first 10,000 bottles of wine produced this season will fetch a profit of $4/bottle. However, the profit from each bottle beyond 10,000 drops by $0.0004 for each additional bottle sold. ​
Assuming at least 10,000 bottles of wine are produced and sold, what is the maximum profit? What would be the price/bottle in this case?
​

• A) The maximum profit is $30,000.00, the price/bottle is $3.70/bottle
• B) The maximum profit is $40,000.00, the price/bottle is $4.00/bottle
• C) The maximum profit is $35,000.00, the price/bottle is $3.90/bottle
• D) The maximum profit is $25,000.00, the price/bottle is $3.60/bottle
• E) The maximum profit is $20,000.00,the price/bottle is $4.00/bottle

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