The profit function for a firm making widgets is P(x) = 88x - x 2 - 1200.
Question:
The profit function for a firm making widgets is P(x) = 88x - x2 - 1200. Find the number of units at which maximum profit is achieved and find the maximum profit.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (4 reviews)
Px 88x x 2 1200 Th...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ 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
-
1. The profit function for a certain commodity is P(x) = 110x - x2 - 1000. Find the level of production that yields maximum profit, and find the maximum profit? 2. The profit function for a firm...
-
The first is a problem that I have asked people to sketch out an approach for in job interviews. It is simply this: Given a year in the modern era, tell me if it is a leap year. Rule: A year is a...
-
Question 1 Firm A and B are the only producers of soft drinks for the market. The inverse market demand curve is given by P = a - Q where Q is the total supply to the market. The price will be zero...
-
The United StatesMexicoCanada Agreement replaced what trade agreement?
-
Had leytown has a present population of 100,000, and the population is increasing by 3% each year. a) What will the population be in 15 years? b) How long will it take for the population to double?
-
BOND VALUATION You are considering a 10-year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. If you require an effective annual interest rate (not a nominal rate) of...
-
Describe core values, mission, organizational culture, business, and goals. LO.1
-
A somewhat simplified flow diagram for a nuclear power plant shown in Fig. 1.4 is given in Fig. P6.102. Mass flow rates and the various states in the cycle are shown in the accompanying table. The...
-
I do not know which part I did wrong. Could you help me how to complete it correctly, please? Problem 5 . 4 A ( Algo ) Preparing a worksheet and financial statements, journalizing adjusting entries,...
-
You want to park your bicycle in a bicycle parking area where bike racks are aligned in a row. There are already N bikes parked there (each bike is attached to exactly one rack, but a rack can have...
-
Find the horizontal and vertical asymptotes of the graph of F(x) = 8/2x 10
-
In Problem determine whether each functions vertex is a maximum point or a minimum point and find the coordinates of this point. Find the zeros, if any exist, and the y-intercept. Then sketch the...
-
You have been engaged for a U.S. federal court lawsuit as a damage expert for a breach of contract claim. You determine that lost profits damages are appropriate. Because you are in a federal court,...
-
Problem 2.01 An ant is crawling along a straight wire, which we shall call the x axis, from A to B to C to D (which overlaps A), as shown in the figure below. O is the origin. Suppose you take...
-
In a separate C++ program, do the following: a) Create an unordered linked list by declaring a linked list of the unordered LinkedList type. You may assume that this list is to be comprised of...
-
TranscribedText: El. You are sitting at a table that has a solid round top {5.1"} kg] and a single solid cvlindrical leg {4. kg) [see figure, note that the tilt angle is exaggerated to he...
-
The municipal mill rate in the neighbourhood is 22.375 mills. There is an educational mill rate of 11.35 mills. The following list is the municipalities planned local improvement costs for the next...
-
Maggie Company had the following functional income statement for the month of May, 2020: MAGGIE COMPANY Functional Income Statement For the Month Ending May 31, 2020 Sales (30,000 units) $300,000...
-
What are the three elements of the accounting equation?
-
You work as an operations consultant for a textile company. Your client has a well-established distribution system in the US market. The company has hundreds of stores and four distribution centers....
-
Suppose 70% of a population opposes a proposal and a sample of size 5 is drawn from the population. What is the probability that the majority of the sample will favor the proposal?
-
Construct a frequency histogram for the data. Consider the data in the frequency table, and use these data. Score Frequency 1.............................4 2.............................6...
-
One person in 100,000 develops a certain disease. Calculate (a) Pr(exactly 1 person in 100,000 has the disease). (b) Pr(at least 1 person in 100,000 has the disease).
-
In 2019, Sunland Company had a break-even point of $388,000 based on a selling price of $5 per unit and fixed costs of $155,200. In 2020, the selling price and the variable costs per unit did not...
-
11. String Conversion Given a binary string consisting of characters '0's and '1', the following operation can be performed it: Choose two adjacent characters, and replace both the characters with...
-
Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar...
Study smarter with the SolutionInn App