Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

NEED A, B AND C Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C = 90,000 +

image text in transcribedNEED A, B AND C

Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C = 90,000 + 30x, R=300x - 30, P=R-C where the production output in 1 week is x calculators. If production is increasing at a rate of 400 calculators per week when production output is 5,000 calculators. Find the rate of increase (decrease) in cost, revenue, and profit. at the rate of $12000 per week at this production level. A) Costs are increasing (Simplify your answer.) B) Revenue is (Simplify your answer.) at the rate of $ per week at this production level. at the rate of $ per week at this production level. C) Profits are (Simplify your answer.) . vi (1) More Enter your answer in each of the answer boxes

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

College Mathematics For Business Economics, Life Sciences, And Social Sciences

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

14th Edition

978-0134674148

More Books

Students also viewed these Accounting questions

Question

Write short notes on RMS Value of AC waveforms.

Answered: 1 week ago

Question

7. Write a note on electrical safety

Answered: 1 week ago