What is the maximum profit

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Reference no: EM131338875

If Wesley Jackson harvests his apple crop now, the yield will average 120 pounds per tree. Also, he will be able to sell the apples for $0.48 per pound. However, he knows that if he waits, his yield will increase by about 10 pounds per week, while the selling price will decrease by $0.03 per pound per week. (Lesson 3-6)

a. How many weeks should Mr. Jackson wait in order to maximize the profit?

b. What is the maximum profit?

Reference no: EM131338875

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