Profit Suppose the profit from the sale of x units of a product is P = 50x
Question:
Profit Suppose the profit from the sale of x units of a product is P = 50x – 300 – 0.01x2.
(a) What level(s) of production will yield a profit of $250?
(b) Can a profit of more than $250 be made?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a b Yes Try P4000 and P5000 P4...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Mathematics questions
-
Suppose that the daily profit (in dollars) from the production and sale of x units of a product is given by At what rate per day is the profit changing when the number of units produced and sold is...
-
The daily profit from the sale of x units of a product is P = 80x - 0.4x2 - 200 dollars. (a) What level of production maximizes profit? (b) What is the maximum possible profit?
-
Suppose that the marginal revenue from the sale of x units of a product is MR = R'(x) = 6e0.01x. What is the revenue in dollars from the sale of 100 units of the product?
-
A three-dimensional elasticity problem of a uniform bar stretched under its own weight gives the following strain field: where A and B are constants. Integrate the strainedisplacement relations to...
-
Suppose you receive 10 on the first day of the year, 12 on the 2nd day, 14 on the 3rd day, and so on. a) How much will you receive on the 365th day? [8.2] b) What is the sum of these 365 gifts? [8.2]
-
Why does automatization help experts solve problems efficiently?
-
Calculate LCVs for the following information: Standard hours: 40 at Rs 3 per hour Actual hours: 50 at Rs 4 per hour
-
On January 1, 2011, S&S Corporation invested in LLB Industries' negotiable two-year, 10% notes, with interest receivable quarterly. The company classified the investment as available-for-sale. S&S...
-
QUESTION THREE [ 2 5 ] Background: Dookhi ( PTY ) Ltd . is a company that prides itself on manufacturing innovative products - TIN and AYE. As the industry undergoes rapid transformation due to...
-
Richard chooses technique 0 and 2 requiring 10+10-20 efforts and provising 10+11=21 benefits. Hence, 21 is returned as the output Example 2: input1: 3 input2: (10,10,10,10) input3: (10,11,12,15)...
-
Profit If the profit from the sale of x units of a product is P = 16x 0.1x 2 100, what level(s) of production will yield a profit of $180?
-
Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be described by the equation C = 0.068t 2 + 1.8t + 96 where t is...
-
Why is it helpful to classify CIO leadership profiles?
-
Problem 8-19 (Algo) Cash Budget; Income Statement; Balance Sheet [LO8-2, LO8-4, LO8-8, LO8-9, LO8- 10] Minden Company is a wholesale distributor of premium European chocolates. The company's balance...
-
Consider the unsteady flow of a fluid in the x direction through a control volume. The linear momentum of the fluid within the control volume is a function of time given by 200ti slug*ft/s, where t...
-
For a continuous uniform distribution with u = 0 and o = 1, the minimum is - V3 and the maximum is V3. For this continuous uniform distribution, find the probability of randomly selecting a value...
-
Marc Goudreau, administrator of Clearwater Hospital, was puzzled by the prior month's reports. "Every month, it's anyone's guess whether the lab will show a profit or a loss. Perhaps the only answer...
-
A system consisting of a gas consisting of O2 (32 Da), H2 (2 Da), and Ar (40 Da) molecules and a billiard ball is at some temperature . Relative to O2, the billiard ball is 1.0 E+26 times as massive...
-
Morris Inc. recorded the following transactions over the life of a piece of equipment purchased in Year 1: Jan. 1, Year 1 Purchased equipment for $90,000 cash. The equipment was estimated to have a...
-
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
-
Use the matrix and initial probability vector in Problem 11 and find the resulting eighth probability vector. 0.5 0.3 0.2 0.3 0.5 0.2 0.1 0.1 0.8
-
Use the matrix and initial probability vector in Problem 12 and find the resulting ninth probability vector. 0.8 0.1 0.1 D = 0.2 0.6 0.2 0.4 0.3 0.3
-
Find the steady-state vector associated with the given transition matrix from Problems 9-12. 1. A 2. B 0.5 0.9 0.5 0.1 0.3 0.7 B = 0.9 0.1
-
assume that we have only two following risk assets (stock 1&2) in the market. stock 1 - E(r) = 20%, std 20% stock 2- E(r) = 10%, std 20% the correlation coefficient between stock 1 and 2 is 0. and...
-
Flexible manufacturing places new demands on the management accounting information system and how performance is evaluated. In response, a company should a. institute practices that reduce switching...
-
Revenue and expense items and components of other comprehensive income can be reported in the statement of shareholders' equity using: U.S. GAAP. IFRS. Both U.S. GAAP and IFRS. Neither U.S. GAAP nor...
Study smarter with the SolutionInn App