Any help would be greatly appreciated. I have an idea for a formula, but I think I am off base.
Here's what I have:
P = 15(300-20t) + 3(300 - 20t)
I was planning on graphing that when I got hoem and finding the max point, but I have doubts about that method.
Here's the problem:
A fruit grower wishes to ship early in the season when prices are high and spoilage is low. He now has 15 tons on hand and estimates he can add 3 tons per week by waiting, His present profit is $300 per ton; and he estimates that will reduce by $20 per ton, per each week he delays. In how many weeks should he sell to maximize his profit?
Thank you.
Here's what I have:
P = 15(300-20t) + 3(300 - 20t)
I was planning on graphing that when I got hoem and finding the max point, but I have doubts about that method.
Here's the problem:
A fruit grower wishes to ship early in the season when prices are high and spoilage is low. He now has 15 tons on hand and estimates he can add 3 tons per week by waiting, His present profit is $300 per ton; and he estimates that will reduce by $20 per ton, per each week he delays. In how many weeks should he sell to maximize his profit?
Thank you.