Consider the nonlinear potato chip production problem discussed in Lectures 6-7 in Week 8, where demand, revenue and pro

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Consider The Nonlinear Potato Chip Production Problem Discussed In Lectures 6 7 In Week 8 Where Demand Revenue And Pro 1 (49.95 KiB) Viewed 52 times

Consider the nonlinear potato chip production problem discussed in Lectures 6-7 in Week 8, where demand, revenue and profit are given to also depend on price. In class, we had seen that the optimal prices are $3.86 for 1kg of plain chips and $4.26 for 1kg of Mexican chips, for a maximum profit of $218,690. What is the optimal profit or solution returned by Solver when we require prices to be in full dollar amounts (e.g., $1, $2, $3, $4, etc.)? Type your answer in dollars or words.