Question: An electronics store is selling car chargers for cell phones. The expense function is E = -300p + 13,000 and the revenue function is R

An electronics store is selling car chargers for cell phones. The expense function is E = -300p + 13,000 and the revenue function is R = -32p2 + 1,200p.
a. At what price would the maximum revenue be reached?
b. What would that maximum revenue be? Round to the nearest cent.
c. Graph the expense and revenue functions. Circle the breakeven points.
d. Determine the prices at the breakeven points. Round to the nearest cent.
e. Determine the revenue and expense amounts for each of the breakeven points. Round to the nearest cent.

Step by Step Solution

★★★★★

3.39 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Find the maximum point on the graph of R 32p 2 1200p The maximum revenue would be reached whe... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

790-L-A-L-S (1495).docx

120 KBs Word File

Students Have Also Explored These Related Linear Algebra Questions!

-Dicarbonyl compounds condense with aldehydes and ketones that do not undergo self-aldol reaction. The products are ,-unsaturated dicarbonyl compounds, and the process goes by the colorful name of...

An electronics store is offering a special price on a complete set of components (receiver, compact disc player, speakers, turntable). A purchaser is offered a choice of manufacturer for each...

An electronics store manager wishes to compare the costs (in dollars) of three types of computer printers. The data are shown. At Î± = 0.05, can it be concluded that there is a...

An electronics store sells two different brands of DVD players. The store reports that 30% of customers purchasing a DVD choose Brand 1. Of those that choose Brand 1, 20% purchase an extended...

Individual Case Analysis Four cases are available from Harvard (see first : Case pack of 4 cases available at: http://cb.hbsp.harvard.edu/cbmp/access/49960103 ). Answer each of these questions in...

Question: Hi Colleagues, Final Project: Covers chapters 1 through chapters 16 In the future you may be asked to write a marketing plan. For the final project you are to provide what the marketing...

MRKT 310 Principles of Marketing Strategic Marketing & Value for the Customer Please use the service offering below; Lyft PRODUCT CHOICE & CONTENT Your focus will be on the domestic, or U.S....

Brands in the Salesforce Dilem DS. INC: SPECTRUM BRAN company's individual and maintain customer relationships, and to clude competition from tak ing advantage of any perceived disruptions during...

Have you ever wondered why people act the way they do on Black Friday or on the 4th of July? Or why wealthy people and nations have less children than poorer ones? Or why we buy flowers or a card for...

Hello, Can you help me with this assignment? the instruction for this assignment is in the attachment below CIS 1220 Final Exam Problem Statement Fashion Impressions is a designer clothing...

In a spring gun, a spring of force constant 400 N/m is compressed 0.15 m. When fired, 80.0% of the elastic potential energy stored in the spring is eventually converted into the kinetic energy of a...

Use the binomial and the Poisson tables to compute and compare the binomial probabilities and the approximating Poisson probabilities for the following cases: a. P(x = 2), where n = 10, p = .05 b....

If a supervisor suspects that a subordinate has a severe drinking problem, the action to be avoided is a . carefully documenting evidence of declining performance. b . confonting the employee with...

What is Beta Corporations income tax liability assuming its taxable income is (a) $94,000, (b) $300,000, (c) $600,000. How would your answers change if Beta were a personal service corporation?

Lang Warehouses borrowed $100,000 from a bank and signed a note requiring 20 annual payments of $13,388 beginning one year from the date of the agreement. Required: Determine the interest rate...

Don James purchased a new automobile for $20,000. Don made a cash down payment of $5,000 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of...

A catalog sales company promises to deliver orders placed on the Internet within three days. Follow-up calls to randomly selected customers show that a 95% confidence interval for the proportion of...

Pauley, Inc., pays its employees' weekly wages in cash. A supplementary payroll sheet that lists the employees' names and their earnings for a certain week is shown below. Complete the payroll sheet...

Which of the following is the decision for the chi-square test for independence? a. Fail to reject the null hypothesis, 2 (1) = 2,836, p = .092. b. Reject the null hypothesis, 2 (1) = 2.836, p = .092.

Glen has a job selling magazine subscriptions by phone. He makes a base salary of $12.60 per hour plus 5% commission on all sales. Last week, Glen worked 35 hours and sold $230 worth of...

At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less than $55,000 per year, he pays $60 per month for individual coverage and...

Roger is a graphic artist, so his resum is several pages long and includes an artistic portfolio. His prospective employers want hard copies of his resum, so he wants to have 400 copies of his resum...

Trigen Corp. management will invest cash flows of $1,238,006, $1,143,422, $1,487,955, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate...

An example of risk occurs when un investment does not keep up with prices that are increasing in the overall economy. A major cause of mortgage market meltdown in 2007 and 2008 was linked to What is...

Answer 22, 23, and 24 using the following information: Jane plans to open a new business. The equipment will cost $175,000. Jane expects the after-tax cash inflows to be $65,000 annually for 5 years,...