Figure 18-8
The figure shows the relationship between the number of mechanics hired and the number of car repairs performed per day at a car-repair shop.

-Refer to Figure 18-8. Suppose the shop pays each of its mechanics $210 per day. Over what interval of prices (that is, charges per car repair, P) would the shop maximize its profit by hiring exactly 3 mechanics? (Determine P₁ and P₂ such that P₁< P < P₂).

Question

Figure 18-8
The figure shows the relationship between the number of mechanics hired and the number of car repairs performed per day at a car-repair shop.

-Refer to Figure 18-8. Suppose the shop pays each of its mechanics $210 per day. Over what interval of prices (that is, charges per car repair, P) would the shop maximize its profit by hiring exactly 3 mechanics? (Determine P₁ and P₂ such that P₁< P < P₂).

Quizplus · Accepted Answer

The Answer of Figure 18-8 The figure shows the relationship between the number of mechanics hired and the number of car repairs performed per day at a car-repair shop. -Refer to Figure 18-8. Suppose the shop pays each of its mechanics $210 per day. Over what interval of prices (that is, charges per car repair, P) would the shop maximize its profit by hiring exactly 3 mechanics? (Determine P₁ and P₂ such that P₁< P < P₂).

Figure 18-8 The Figure Shows the Relationship Between the Number of Mechanics