A small tie shop finds that at a sales level of x ties per day, its marginal
Question:
A small tie shop finds that at a sales level of x ties per day, its marginal profit is MP(x) dollars per tie, where MP(x) = 1.30 + .06x - .0018x2. Also, the shop will lose $95 per day at a sales level of x = 0. Find the profit from operating the shop at a sales level of x ties per day.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
Px f13006x 0018x d...View the full answer
Answered By
Munir Ahmed Jakhro
I am professional Tutor of of Business Courses, I did my four years Bachelor Degree from one of the Top Business schools of World "Institute of Business Administration" in year 2013. Since then I have been working as Tutor of Accounting, Finance tutor on different online platforms like this website. I am have experience of 6 years teaching business courses to students online and offline my professional job at national savings also helped me in accounting understanding .
4.90+
8+ Reviews
10+ Question Solved
Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
Question Posted:
Students also viewed these Mathematics questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
NIU Company's budgeted sales and direct materials purchases are as follows: NIU's sales are 40% cash and 60% credit. It collects credit sales 10% in the month of sale, 50% in the month following...
-
Review your results from Short Exercise SC-8. Requirements 1. Total each column of the purchases journal. 2. Open the following four-column accounts in the accounts payable subsidiary ledger:...
-
Reporting Discontinued Operations Leigh Corp, disposed of its Knit Products Division in June of 2020 at a loss of $76,000 before tax. Prior to the sale, the Knit Products Division considered a...
-
_____5. In order to change the name of an account, do the following: a. Left-click on the account; right-click Open Selected Items. b. Right-click on the account; left-click Open Selected Items. c....
-
Elijah Pitts operates a simple but profitable business as a proprietorship. Given the level of profits he is attaining, he would like to incorporate. The latest balance sheet of his proprietorship...
-
Tucker Co. hired Dabies and Co., CPAS, to perform a review of their annual financial statements for the year ended December 31, Year 1. A staff associate prepared the draft report in the exhibit and...
-
Differentiate (with respect to t or x): y 1 + x COS X
-
A flu epidemic hits a town. Let P(t) be the number of persons sick with the flu at time t, where time is measured in days from the beginning of the epidemic and P(0) = 100. After t days, if the flu...
-
Doug Hartmann Productions, L.L.C., and the Regal Riverfront Hotel, which was owned by Gateway Hotel Holdings, entered into an agreement for a professional boxing match to be held at the hotel. The...
-
In an air-pollution study performed at an experiment station, the following amount of suspended benzenesoluble organic matter (in micrograms per cubic meter) was obtained for eight different samples...
-
The figure shows a sketch of the curve with equation y = f(x). The curve passes through the points (0, 3) and (4, 0) and touches the x-axis at the point (1, 0). On separate diagrams, sketch the...
-
An object is placed \(200 \mathrm{~mm}\) from a diverging thin lens that has a focal length of \(-500 \mathrm{~mm}\). What are (a) the image distance and \((b)\) the magnification? (c) Draw a...
-
In a study of warp breakage during the weaving of fabric (Technometrics [1982]: 63), 100 pieces of yarn were tested. The number of cycles of strain to breakage was recorded for each yarn sample. The...
-
Many consider family-owned businesses the backbone of American business. Mei Mei translates from Chinese to little sister in English, and its name aptly represents a family business of three...
-
Is the proportional odds model a special case of a baseline-category logit model? Explain why or why not.
-
Read the Forecasting Supply Chain Demand Starbucks Corporation case in your text Operations and Supply Chain Management on pages 484-485, then address the four questions associated with the...
-
Reconsider the previous exercise about the potential confounding variable that provides an alternative explanation for why the all-nighter group would have a significantly lower average GPA. Sketch a...
-
In a study published in a 2007 issue of the journal Preventive Medicine, researchers found that smokers were more likely to have used candy cigarettes as children than nonsmokers were. When hearing...
-
Do different generations view marriage differently? A 2010 survey conducted by the Pew Research Center asked the following question of each participant: Is marriage becoming obsolete? Results of this...
-
thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock torpeither be up 10% or down 10%. The risk-free rate is 1% per annum compounded...
-
Question 17 2 pts Activities between affiliated entities, such as a company and its management, must be disclosed in the financial statements of a corporation as O significant relationships O segment...
-
Marchetti Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...
A Class In Geometry Lessons In Observation And Experiment 1st Edition - ISBN: 1436720745 - Free Book
Study smarter with the SolutionInn App