A corporation manufactures candles at two locations. The cost of producing x 1 units at location 1
Question:
A corporation manufactures candles at two locations. The cost of producing x1 units at location 1 is
and the cost of producing x₂ units at location 2 is
The candles sell for $15 per unit. Find the quantity that should be produced at each location to maximize the profit P = 15(x₁ + x₂) - C₁ - C₂.
Transcribed Image Text:
C₁ = 0.02x2 + 4x₁ + 500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Pxx 15x 15x 15x 002x 4x 500 005x 4x 275 002...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Consider the integral fa dz where the contour C is defined by |2| : z4+5z3 2Based on this information, which of the following is/are true ? z = 0 is a simple pole 2 = -5is a pole of order 3 2 = 0...
-
1. A firm consists of 600 acres of land, of which 500 acres will be planted with corn, soybeans, and wheat according to this condition: -At least half of the planted acreage should be in corn - No...
-
The Philbrick Company has two plants on opposite sides of the United States. Each of these plants produces the same two products and then sells them to wholesalers within its half of the country. The...
-
Consider a property investment that you finance with 20% down payment. For the remaining, you borrow 2'300'000 at a 6% rate monthly amortized loan for 25 years. This property, with 2% of EBITDA as...
-
Forty percent of students at small colleges have brought their own personal computers to campus. A random sample of 120 entering freshmen was taken. a. What is the standard error of the sample...
-
Determine whether the number is rational or irrational. 3.14159
-
How does a company determine if it should invest in plant assets?
-
The 100-employee information technology department of a financial services company had a high turnover rate. A survey of employees revealed that the reason most left was dissatisfaction with the...
-
3. When using the RIM model, assuming the discount rate is given, forecasting future ROCE and future CSE based on current financial statements are needed. Generally, there are many ways to proceed....
-
Find the gradient of the function at the given point. (x, y) = 3x + 5y + 1, (2, 1)
-
Find and simplify the function values. (x, y) = x sin y (a) (2, /4) (b) (3, 1) (c) (-3, /3) (d) (4, /2)
-
Both the covariance and the correlation coefficient measure the extent to which the returns on securities move together. What is the relationship between the two statistical measures? Why is the...
-
List and describe one reason a purchaser should avoid ordering more products than necessary.?
-
Explore the evolving landscape of database security, addressing topics such as encryption, access control mechanisms, and auditing strategies to safeguard sensitive data in enterprise-level database...
-
Can you provide a specific case study where you would like to apply the FiveForcesmodel?
-
When you retire you expect to live for another 30 years. During those 30 years you want to be able to withdraw $45,000 at the BEGINNING of each year for living expenses. How much money do you have to...
-
The following average times were recorded for one unit of product: Process time..... 4.0 days Inspection time ... .8 days Move time....... .6 days Queue time.... .6 days Wait time...... 5.0 days The...
-
Two configurations can actually be envisioned for the transition state in the DMDO epoxidation of (Z)-2-butene, based on analogy with geometric possibilities fitting within the general outline for...
-
Do animals have rights? If so, what are they? What duties do human beings have toward animals? Does KFC protect animal welfare at an acceptable level?
-
Use the vectors v = -2i + j and w = 4i - 3j to find. |2v| - 3|w|
-
Find a unit vector in the same direction as v.
-
Find a unit vector in the opposite direction of w.
-
Check my Your business plan for your proposed start-up firm envisions first-year revenues of $150,000, fixed costs of $60,000, and variable costs equal to one-third of revenue. Required: a. What are...
-
Flag question: Question 16 Two years ago Calima Financial entered a fixed for floating rate swap to receive fixed payments and pay floating rate payments. In this swap, payments are made every...
-
cEthel is interested in two methods of note-taking strategies and the effect of these strategies on the overall GPAs of college freshmen. She believes that men would benefit most from Method 1, while...
Study smarter with the SolutionInn App