Sara's Sensible Critters Makes Two Kinds of Catnip Toys: Balls

question 72

Short Answer

Sara's Sensible Critters makes two kinds of catnip toys: balls (x1) and mice (x2). The relationship between demand and price for balls and mice is:
x₁ = 1800 - 150p₁
x₂ = 1500 - 300p₂
The cost for a catnip ball is $2 and for the mouse, $3.
Sara has only 200 ounces of catnip on hand. A ball uses a tenth of an ounce and a toy mouse uses one-quarter of an ounce.
-Determine the prices that Sara should charge to maximize profit.

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Definitions:

Embezzlement

The act of dishonestly withholding or stealing funds that have been entrusted to one's care.

Bank Fraud

The use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution.

Foreign Corrupt Practices Act

A United States federal law aimed at preventing the bribery of foreign government officials to assist in obtaining or retaining business.

Foreign Corrupt Practices Act

U.S. legislation aimed at preventing companies and their representatives from bribing foreign officials to gain a business advantage.