Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lumen OHM C . ohm.lumenlearning.com assess2/7cid-613608card Week 2 Quiz Score: 0/88 0/18 answered Question 9 The phone company Ringular has a monthly cellular plan where

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Lumen OHM C . ohm.lumenlearning.com assess2/7cid-613608card Week 2 Quiz Score: 0/88 0/18 answered Question 9 The phone company Ringular has a monthly cellular plan where a customer pays a flat monthly fee and then a certain amount of money per minute used on the phone. If a customer uses 340 minutes, the monthly cost will be $175. If the customer uses 770 minutes, the monthly cost will be $347. A) Find an equation in the form y = my + 6, where a is the number of monthly minutes used and y is the total monthly cost of the Ringular plan. Answer. y = B) Use your equation to find the total monthly cost if 841 minutes are used. Answer: If 841 minutes are used, the total cost will be dollars. Calculator Check Answer Jump to AnswerCourse Modules: MATH 1360 V. X Q Lumen CAM C ohm.lumenlearning.com/assess2/7cid=613608.aid-45071516 Week 2 Quiz Score: 0/88 0/18 answered Question 10 In 1991, the moose population in a park was measured to be 3260. By 1998, the population was measured again to be 4380. If the population continues to change linearly: Find a formula for the moose population, P, in terms of t, the years since 1990. P(t ) = What does your model predict the moose population to be in 2004? Calculator Check Answer Jump to Answerohm.lumenleaming.com Week 2 Quiz Score: 0/88 0/18 answered Question 11 You decide to begin selling light sabers at the local art festival. Your cost for each light saber is $1.37 plus you have to pay a fixed weekly fee of $180 for the booth. Your plan is to sell each light saber for $2.91. a. Write a function, C(n) , to represent your total costs for the week if you sell in light sabers. C(n) = b. Write a function, R(n) , to represent the revenue from the sale of n light sabers during the week. R(n) = c. Write a function, P(n) , that represents the profits for selling n light sabers in a given week P(n) = d. How many items must you sell to break even? light sabers Calculator Check Answer jump to AnswerWeek 2 Quiz Score: 0/88 0/18 answered . Question 12 Your firm is considering adding a product line. The accounting department has determined that the cost function for this new product will be C(x) - 170+ + 6850 and the revenue function will be R(z) - 220x, where a is the number of units sold. Additionally, the sales department has determined that you reasonably can expect to sell around 149 units. You must decide whether to go ahead with the new product line. Find the break-even quantity: Find the profit function: P(x) = Make your decision: Cancel the product line: the quantity needed to break even is more than our firm can reasonably expect to sell. Cancel the product line: producing these products is not profitable. Proceed with the product line: the products are profitable and we can reasonably expect to meet our break-even quantity. Calculator Check Answer Jump to Answerohm.lumenlearning.com Week 2 Quiz Score: 0/88 0/18 answered . Question 13 Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation p - 1036 - 5q, and the quantity supplied is given by the equation p - 9g . Find the equilibrium price and quantity Equilibrium quantity: items Equilibrium price: s Calculator Check Answer Jump to AnswerWeek 2 Quiz Score: 0/88 0/18 answered Question 17 Below are three systems of equations. Determine the type of solutions to that system of equations - 4x + 2y - 8 1-12x - by = 48 Select an answer -41 + 2y - 8 Select an answer -12 + 6y - 23 -43 + 2y - 8 Select an answer -12r + 6y - 24 Calculator Check Answer Jump to

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

An Elementary Introduction To Mathematical Finance

Authors: Sheldon M Ross

3rd Edition

1139065106, 9781139065108

More Books

Students also viewed these Mathematics questions