In Problem, suppose a company has its total cost for a product given by C(x) 200x 10,000 dollars and its total revenue given by R(x) 250x 0 01x 2 dollars, where x is the number of units produced and sold (a) Form the profit function for this product (b) Find the marginal profit function (c) Find th...

Cx 200x 10000 Rx 250x 001x 2 a P ...

In Problem, suppose a company has its total cost for a product given by C(x) = 200x

Question:

In Problem, suppose a company has its total cost for a product given by C(x) = 200x + 10,000 dollars and its total revenue given by R(x) = 250x - 0.01x² dollars, where x is the number of units produced and sold.

(a) Form the profit function for this product.

(b) Find the marginal profit function.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Oct 29, 2020 06:42 AM

See More Questions

Suppose a company has five different capital budgeting projects from which to choose, but has constrained funds and cannot implement all of the projects. Explain why comparing the projects NPVs is...
Suppose that the total number of units produced by a worker in t hours of an 8-hour shift can be modeled by the production function P(t): P(t) = 27t +12t2 - t3 (a)Find the number of hours before...
Suppose that for a particular product, the number of units x produced per month depends on the number of thousands of dollars y invested, with x = 30y + 20y2. At what rate will production increase if...
Colors and More is considering replacing the equipment it uses to produce crayons. The equipment would cost $1.37 million, have a 12-year life, and lower manufacturing costs by an estimated $304,000...
At 31 March 2007, the present value of AZB's pension obligation is $1 634 000. The fair value of the pension plan assets is $1 337 000. Unrecognized actuarial losses are $224 000. What is the amount...
An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression...
International labor standards are complex and closely related to global sourcing. In particular, the use of sweatshops has attracted much attention. A sweatshop is a factory characterized by very low...
Laramie Corporations income statement is presented below: Sales ........ $40,000 Less variable costs .. -28,000 Contribution margin . $12,000 Less fixed costs ..... -8,000 Net Income ..... $ 4,000...
QUESTION 1 (2.5 marks) On January 1, 2021, HBS started a new business called HBS Corporation. In the January, the following transactions completed. Date Transactions 1 Shareholders invested $20,000...
Citran Company will earn $150,000 revenue as payment for a three-year consulting engagement. Compute the NPV of the revenue if Citran will receive $35,000 cash immediately (year 0), $35,000 cash next...
Find the derivatives of the functions in Problem. Simplify and express the answer using positive exponents only. p = [(q + 1)(q 3 - 3)] 3
In Problem, find the derivative of each function. y = x -1 - x -2 + 13
Subramanian Company has equipment with an original cost of $95,000 and, as at December 31, 2013, accumulated depreciation of $78,000. On January 7, 2014, Subramanian exchanges the equipment for new...
Compare the alternatives that Bergerac is considering for its decision. Include: Comparison of make versus buy option in the type of operation that Bergerac is looking to integrate. You do not need...
Let A, B, C and D be non-zero digits, such that CD is a two-digit positive integer. BCD is a three-digit positive integer generated by the digits B, C and D. ABCD is a four-digit positive integer...
1.) An aluminum tube is clamped with rigid plates using four bolts as shown. The nut on each bolt is tightened one turn from 'snug'. The thickness of the plate may be considered insignificant in this...
4.21 Case Study Competency IV.1RM Determine diagnosis and procedure codes and groupings according to official guidelines. Competency IV.1 Validate assignment of diagnostic and procedural codes and...
W.E.B Dubois taught the book called "The State" to his students at Atlanta University. Who wrote this book
In Problem, evaluate the improper integrals that converge. 00 9x (3x + 7)2 8
Listed below are common types of current liabilities, contingencies, and commitments: a. Accounts payable b. Bank loans and commercial paper c. Notes payable d. Dividends payable e. Sales and excise...
Compare the changes in secretion rate or pH levels for each active hormone vs. the placebo (saline) group. Use methods of hypothesis testing and/or CIs to express these comparisons statistically?...
For each active-hormone group, categorize dosage by high dose (above the median) vs. low dose (at or below the median) and assess whether there is any dose-response relationship (any differences in...
Compare the level of mean FEV between males and females separately in three distinct age groups (59, 1014, and 1519 years)?
Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a...
Diamond makes downhill ski equipment. Assume that comic has offered to produce ski poles for Diamond for $20 per pair Diamond needs 200,000 pairs of poles per period Diamond can only avoid 5150,000...
17? Which of the following statement is true Select one: a. All evidence must have the same level of reliability b. All evidence must have the same level of persuasiveness C. All are false d....

In Problem, suppose a company has its total cost for a product given by C(x) = 200x

Question:

Step by Step Answer:

Cx 200x 10000 Rx 250x 001x 2 a P...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

Students also viewed these Mathematics questions