The Perfect House Company Produces Two Types of Bathtub, the Hydro

question 96

Short Answer

The Perfect House company produces two types of bathtub, the Hydro Deluxe model and the Singing Bird model. The company noticed that demand and prices are related. In particular,
for Hydro Deluxe: demand = 1300 - price of Hydro Deluxe + price of Singing Bird
for Singing Bird: demand = 1450 + price of Hydro Deluxe -2(price of Singing Bird).
The costs of manufacturing the Hydro Deluxe and Singing Bird are $500 and $300 per unit respectively. Determine the price of each model that gives the maximum profit.

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Definitions:

Preparatory Stage

in developmental psychology and sociology, refers to the initial phase where children mimic or imitate the behaviors of others without understanding their meanings.

Game Stage

A concept in sociology referring to the stage in a child's development where they begin to understand and take on the roles of others in games, leading to the development of the self.

Play Stage

A stage in child development, as proposed by George Herbert Mead, where children mimic or take on the roles of others, developing an understanding of self through interaction.

Role Stage

Often used in sociology and psychology to describe the context or setting where individuals perform roles expected of them by society.