Question 12 of15 View Policies Current Attempt in Progress A farmer uses x lb of fertilizer per acre at a cost of $0.80 per pound, leading to a revenue of R = 700 4006' dollars per acre. (a) How many pounds of fertilizer should be applied per acre to maximize prot? NOTE: Write your answer in decimal form rounding to three decimal places. :]pounds per acre. (b) What is the maximum prot on a 200 acre farm? $:l -/1 Question 13 of15 /1 View Policies Current Attempt in Progress The demand equation for a quantity of a product at price p, in dollars, is p = 5q i 2000. Companies producing the product report the cost, C, in dollars, to produce a quantity q is C = 3g | 5 dollars. NOTE: Enter the exact answers. (a) Express a company's prot, in dollars, as a function of q. we) =[ (lo) What production level earns the company the largest prot? (0) What is the largest prot possible? I \\ _\\ \"- III 0 Question 14 of 15 View Policies Current Attempt in Progress (3) A cruise line offers a trip for $1900 per passenger. If at least 100 passengers sign up, the price is reduced for all the passengers by $10 for every additional passenger (beyond 100) who goes on the trip. The boat can accommodate 250 passengers. What number of passengers maximizes the cruise line's total revenue? What price does each passenger pay then? The number of passengers that maximizes the cruise line's total revenue is n The price the passengers pay is $ n (b) The cost to the cruise line for n passengers is 80,000 + 500n. What is the maximum prot that the cruise line can make on one trip? How many passengers must sign up for the maximum to be reached and what price will each pay? The maximum prot that the cruise line can make on one trip is $ n The number of passengers that must sign up for the maximum to be reached is a , and each passenger must pay $ n eTextbook and Media The government imposes a tax of T dollars per item sold. The producers of the item react by raising the price to 19 dollars per item to consumers, Which reduces the quantity of items sold by q thousand. We have p 50 + 0.2T q 10 T. where q is given in thousand dollars. (a) What is the tax that maximizes the tax revenue collected by the government? (1)) What is the maximum tax revenue? (c) With the tax that maximizes tax revenue, What is the producer's revenue after taxes? Producer's revenue 2 _thousand dollars. (d) What is the producer's revenue With no tax? Producer's revenue 2 thousand dollars