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

question 78

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 $2/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 $40,500.00, the price/bottle is $3.20/bottle
• B) The maximum profit is $22,500.00, the price/bottle is $3.00/bottle
• C) The maximum profit is $28,500.00,the price/bottle is $3.00/bottle
• D) The maximum profit is $46,500.00, the price/bottle is $3.40/bottle
• E) The maximum profit is $34,500.00, the price/bottle is $3.10/bottle

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Definitions:

Retail Feed Stores

Shops or outlets that specialize in selling feed and other supplies for animals to the general public.

Wholesalers

Businesses that purchase goods in large quantities from manufacturers or distributors and then sell them in smaller quantities to retailers or other businesses.

Wholesaler

A type of business that purchases goods in large quantities from manufacturers or importers and sells them to retailers, other wholesalers, or occasionally to final consumers.

Intermediary

A person or organization that acts as a mediator or agent between parties, especially in a business or financial transaction.