Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

Application (12 marks) 16. The cost function for producing x units of a product is C(x) = -0.002x2 + 5.4x + 2800. The revenue function

Application (12 marks) 16. The cost function for producing x units of a product is C(x) = -0.002x2 + 5.4x + 2800. The revenue function is R(x) = 150x - 0.16x2 Determine the marginal profit for the sale of 150 units of the product. (4 marks)

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

Discovering Advanced Algebra An Investigative Approach

Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke

1st edition

1559539844, 978-1604400069, 1604400064, 978-1559539845

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Iodic acid, HIO3, can be prepared by reacting iodine, I2, with concentrated nitric acid. The skeleton equation is I2(s) + NO3 (aq) IO3 (aq) + NO2(g) Balance this equation.

Answered: 1 week ago

Question

★★★★★

The following data are from a laboratory experiment by Smallwood et al. (1998) in which liver preparations from five rats were used to measure the relationship between the administered concentration...

Answered: 1 week ago

Question

★★★★★

=+a. Discuss the free-rider problem that might exist in the development of open- source software. What effect might this have on quality?

Answered: 1 week ago

Question

★★★★★

Judy Herzog, a recent graduate of Rollings accounting program, evaluated the operating performance of Klumpe Companys six divisions. Judy made the following presentation to the Klumpe board of...

Answered: 1 week ago

Question

★★★★★

Application (12 marks) 16. The cost function for producing x units of a product is C(x) = -0.002x2 + 5.4x + 2800. The revenue function is R(x) = 150x - 0.16x2 Determine the marginal profit for the...

Answered: 1 week ago

Question

★★★★★

During 2010, Shirley Nutt, the sole shareholder of a calendar year S corporation, received a distribution of $16,000. On December 31, 2009, her stock basis was $4,000. The corporation earned $11,000...

Answered: 1 week ago

Question

★★★★★

n order for you to continue with this body temperature problem you will need to determine sample sizes and then proceed to collect data (body temperatures) from the two populations. Based on a 1992...

Answered: 1 week ago

Question

★★★★★

Modify your axisymmetric model of a thick walled cylinder subjected to an internal pressure so that the cylinder has an inner radius of 110 mm and an outer radius of 320 mm. The length of the model...

Answered: 1 week ago

Question

★★★★★

1. what does Amazon's E-commerce order processing, shipping details, HR, accounting, etc. Also, Amazon is much larger than its website. They also have AWS services where they provided hosted services...

Answered: 1 week ago

Question

★★★★★

Below you will find three case studies in which you are to review and critique, giving you thoughts and input on what characteristics you saw were shown to bring the companies out of turmoil. How...

Answered: 1 week ago

Question

★★★★★

3- An industrial process discharges gaseous combustion products at 478 K, 1 bar with a mass flow rate of 69.78 kg/s. As shown in Fig., a proposed system for utilizing the combustion products combines...

Answered: 1 week ago

Previous Question Next Question