Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 05, 2024

(4pts) Suppose the cost of producing x units is given to be C(x) = 40x + 0.2:!2 + 2000 and the revenue function was given

(4pts) Suppose the cost of producing x units is given to be C(x) = 40x + 0.2:!2 + 2000 and the revenue function was given to be R(x) = 30x + 0.1x2 a. Find the total prot when 300 units are produced. b. Find the marginal prot when 300 units are produced. c. Use your answers from b and a to estimate the total prot when 302 units are produced

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Algebra Form And Function

Authors: William G McCallum, Eric Connally, Deborah Hughes Hallett

2nd Edition

1119032091, 9781119032090

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Picard Landscaping plants grass seed as the basic landscaping for business campuses. During a recent month, the company worked on three projects (Remington, Chang, and Wyco). The company is...

Answered: 1 week ago

Question

★★★★★

Suppose it is your task to evaluate two different investments in new subsidiaries for your company, one in your own country and the other in a foreign country. You calculate the cash flows of both...

Answered: 1 week ago

Question

★★★★★

Decision Making Describe a major decision that you made in each of the following periods of your life, why you chose that way, what the consequences were, and how they affected you: ages 11 through...

Answered: 1 week ago

Question

★★★★★

Consider a composite wall that includes an 8-mm-thick hardwood siding. 40-mm by 130-mm hardwood studs on 0.65-m centers with glass fiber insulation (paper faced, 28 kg/m 3 ) and a 12-mm layer of...

Answered: 1 week ago

Question

★★★★★

! Required information [ The following information applies to the questions displayed below. ] Alexandra's Boutique has the following transactions related to its top - selling Gucci purse for the...

Answered: 1 week ago

Question

★★★★★

Hand write please! Pny 1) In a carnival booth, you win a stuffed animal If you toss a quarter into a small dish. The dish is on a shelf above the point where the quarter leaves your hand and is a...

Answered: 1 week ago

Question

★★★★★

Refer to Case Study D - The presentation You must create presentation (report) that will promote the organisation's products/services to the business community at a local trade event. This is raising...

Answered: 1 week ago

Question

★★★★★

You act for the vendor of a travel agency business known as "Golden Wings Travel". The name of the vendor is Beaumont Investments Pty Ltd, the trustee of the Beaumont Family Trust, and the company...

Answered: 1 week ago

Question

★★★★★

1. The surface area of an inflating weather balloon is described by A(x) = 4x 1 where x is the number of seconds and A is measured in L. a) Determine the average rate of change between 3 and 9 sec....

Answered: 1 week ago

Question

★★★★★

4. The exit gas from an alcohol fermenter is an air-CO mixture containing 10 mol% CO that is to be absorbed in a 5.0 M triethanolamine (TEA) solution containing 0.020 mol CO2/mol TEA. The column...

Answered: 1 week ago

Question

★★★★★

An aluminum foil manufacturer wants to improve the quality of his product and is trying to develop a probability model for the flaws that occur in a sheet of foil. Assume that X, the number of flaws...

Answered: 1 week ago

Question

★★★★★

6. What is meant by the following statement, the methods used to uncover (construct) reality guide our thinking and actions in relation to this reality?

Answered: 1 week ago

Question

★★★★★

1. Discuss the following statements: (a) A person who describes something, ignores something else. (b) Our description of something will always be different from the thing we describe. (c) Our social...

Answered: 1 week ago

Question

★★★★★

1. The concepts that are used to describe social situations are mental constructions.

Answered: 1 week ago

Previous Question Next Question