FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. [-/2 Points] DETAILS TANAPMATH7 9.8.012. MY NOTES ASK YOUR TEACHER PRACTICE Marginal Revenue for an Apartment Complex Lynbrook West, an apartment complex, has 100

image text in transcribed
4. [-/2 Points] DETAILS TANAPMATH7 9.8.012. MY NOTES ASK YOUR TEACHER PRACTICE Marginal Revenue for an Apartment Complex Lynbrook West, an apartment complex, has 100 two-bedroom units. The monthly profit (in dollars) realized from renting x apartments is represented by the following function. P(x) = -12x + 1530x - 41000 (a) What is the actual profit realized from renting the 41st unit, assuming that 40 units have already been rented? (b) Compute the marginal profit when x = 40 and compare your results with that obtained in part (a). Need Help? Which

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus An Applied Approach

Calculus An Applied Approach

Authors: Ron Larson

10th Edition

1337268704, 9781337268707

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Determine the mass of each substance. a. F2 b. CO c. CO2

Answered: 1 week ago

Question

★★★★★
Use the formula for the sampling distribution of 8 X on page 253 to show that for random samples of size n = 3 the median is an unbiased estimator of the parameter of a uniform population with = ...

Answered: 1 week ago

Question

★★★★★
6.83 Plant Genetics In Exercise 5.76, a cross between two peony plants-one with red petals and one with streaky petals-produced offspring plants with red petals 75% of the time. Suppose that 100...

Answered: 1 week ago

Question

★★★★★
Buddy Holly Companys sales budget projects unit sales of part 198Z of 10,000 units in January, 12,000 units in February, and 13,000 units in March. Each unit of part 198Z requires 2 pounds of...

Answered: 1 week ago

Question

★★★★★
On January 1 of 2015, Parson Freight Company issues 90%, 10-year bonds with a par value of $4,400,000. The bonds pay interest semi-annually. The market rate of interest is 10.0% and the bond selling...

Answered: 1 week ago

Question

★★★★★
This week we will continue to navigate the complexities of group membership. We will begin by exploring conflict, its definition, and some different approaches to responding to conflict. Finally, we...

Answered: 1 week ago

Question

★★★★★
25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago

Question

★★★★★
Explain the difference between traditional square of opposition and modern square of oppositions.

Answered: 1 week ago

Question

★★★★★
Becton Labs produces a variety of chemical compounds for industrial uses. The standard mix for February's production of 80,000 litres of Product "X" and the budgeted costs, are as follows: Liquid...

Answered: 1 week ago

Question

★★★★★
Q2) A jute packaging unit has planned production of 4950 kg of jute to be sold six months later. The spot price is 1940 per kg while six months futures are trading at 1880. The firm expects the price...

Answered: 1 week ago

Question

★★★★★
Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $310. For each occasion, S2BU receives a 30 percent deposit two months before the occasion,...

Answered: 1 week ago

Question

★★★★★
Do not come to the conclusion too quickly

Answered: 1 week ago

Question

★★★★★
Engage everyone in the dialogue

Answered: 1 week ago

Question

★★★★★
1. Given your basic mental state, i.e. the state you often return to. Give this state a name that you recognize and that is easy to remember, such as irritability, frustration, joy, etc. Also give...

Answered: 1 week ago

Previous Question Next Question