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 $0.0002 for each additional bottle sold. Assuming at least 10,000 bottles of wine are produced and sold, what is the maximum profit? Round the answer to two decimal places.

The maximum profit is $__________

What would be the price/bottle in this case? Round the answer to the nearest cent.

$__________/bottle

Question

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 $0.0002 for each additional bottle sold. Assuming at least 10,000 bottles of wine are produced and sold, what is the maximum profit? Round the answer to two decimal places.
​
The maximum profit is $__________
​
What would be the price/bottle in this case? Round the answer to the nearest cent.
​
$__________/bottle

Quizplus · Accepted Answer

The Answer of 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 $0.0002 for each additional bottle sold. Assuming at least 10,000 bottles of wine are produced and sold, what is the maximum profit? Round the answer to two decimal places.
​
The maximum profit is $__________
​
What would be the price/bottle in this case? Round the answer to the nearest cent.
​
$__________/bottle

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