Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A construction company has an expenditure rate of E'(x) = %15% dollars per day on a particular paving job and an income rate of I(x)

image text in transcribed

image text in transcribed
A construction company has an expenditure rate of E'(x) = %15% dollars per day on a particular paving job and an income rate of I(x) = 116.9 = %-15% dollars per day on the same job, where x is the number of days from the start of the job. The company's profit on that job will equal total mco'me less total expenditures. Profit will be maximized if the job ends at the optimum time, which is the point where the two curves meet (a) Find the optimum number of days for the job to last. (b) Find the total income for the optimum number of days (c) Find the total expenditures for the optimum number of'days. (d) Find the maximum profit for the job. X L e e | - @[ fdays (Round to the nearest integer as needed.) (b) The total income for the optimum number of days will be $E| (Round to the nearest cent as needed.) () The total expenditures for the optimum number of days will be $D (Round to the nearest cent as needed.) (d) The maximum profit for the job will be SD. (Round to the nearest cent as needed.)

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

Step: 3

blur-text-image

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

Visualization And Processing Of Higher Order Descriptors For Multi-Valued Data

Authors: Ingrid Hotz, Thomas Schultz

1st Edition

3319150901, 9783319150901

More Books

Students also viewed these Mathematics questions