The admissions director wants to determine the optimum number of students for a class.
Tuition is $1250 per student; Instructor pay $2500, other incidental (Variable) costs $1000, variable cost increases by 10% per each additional student.
How many students will you recommend to the director?
What would be the profit for the given number of students?
Now assume that variable cost increases by 15% for each additional student, what is the new profit maximizing number of students?

Question

The admissions director wants to determine the optimum number of students for a class. 
Tuition is $1250 per student; Instructor pay $2500, other incidental (Variable) costs $1000, variable cost increases by 10% per each additional student.
How many students will you recommend to the director?
What would be the profit for the given number of students?
Now assume that variable cost increases by 15% for each additional student, what is the new profit maximizing number of students?

anonymous · Answer

Is anyone out there to help with this questions?