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    Solve in QM for Windows

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    The Grandy Tire Company recaps tires. The weekly cost is $2,500., and the variable cost per tire is $9. Price is related to demand, according to the following linear equation:

    v = 200 - 4.75p

    Develop the nonlinear profit function for the tire company and determine the optimal price, the optimal volume, and the maximum profit that week.

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    https://brainmass.com/math/linear-transformation/solve-qm-windows-308168

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    Chapter 10, question 5

    The Grandy Tire Company recaps tires. The weekly cost is $2,500., and the variable cost per tire is $9. Price is related to demand, according to the following linear equation:

    ...

    Solution Summary

    The expert develops a nonlinear profit function for the tire company and determined the optimal price, the optimal volume and the maximum profit that week. A complete, neat and step-by-step solution is provided in the attached file.

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