Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 14, 2024

The revenue function: R(x) = -6x 2 + 30 The cost: C(x) = -12x -75 Profit function -? Determine the number of items to maximize

The revenue function:

R(x) = -6x² + 30

The cost:

C(x) = -12x -75

Profit function -?

Determine the number of items to maximize profit.

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

Managerial Economics Foundations of Business Analysis and Strategy

Authors: Christopher Thomas, S. Charles Maurice

12th edition

1260004759, 9781260004755, 78021715, 78021718, 78021901, 978-0078021909

More Books

Students also viewed these Economics questions

Question

★★★★★

The controller of Diaz Co. believes that the yearly allowance for doubtful accounts for Diaz Co. should be 2% of net credit sales. The president of Diaz Co., nervous that the stockholders might...

Answered: 1 week ago

Question

★★★★★

5.82 Waste dump sites A federal agency is deciding which of two waste dump projects to investigate. A top administrator estimates that the probability of federal law violations is 0.30 at the first...

Answered: 1 week ago

Question

★★★★★

Let A and B be two independent events on a sample space . If P(A) = 0.7 and P(AB) = 0.18, find the probabilities of the events (i) AB; (ii) AB; (iii) A B.

Answered: 1 week ago

Question

★★★★★

In June of 2014, Keith accepts a new job with the same employer in San Diego. He formerly commuted 12 miles to a job in Canton, OH; San Diego is 2,150 miles from his old home. He incurs the following...

Answered: 1 week ago

Question

★★★★★

B\&B has a new baby powder ready to market. If the firm goes directly to the market with the product, there is only a 65 percent chance of success. However, the firm can conduct customer segment...

Answered: 1 week ago

Question

★★★★★

XYZ, Inc., has just announced the repurchase of $165,000 of its stock. The company has 47,000 shares outstanding and earnings per shar of $3.45. The company stock is currently selling for $77.13 per...

Answered: 1 week ago

Question

★★★★★

Using the Porter's Five Forces Industry Analysis Framework, discuss your company's industry structure. Why do you think some companies in poorly performing industries do very well?

Answered: 1 week ago

Question

★★★★★

What is the value of information systems? Discuss your opinion on the value of information systems and how you can make that value transparent

Answered: 1 week ago

Question

★★★★★

Compare Austin-bergstom International airport located in Texas and Athens International Airport located in Greece air traffic and airspace operations. Describe the important air traffic and airspace...

Answered: 1 week ago

Question

★★★★★

Brown Stone Restaurant is located in an historic building within the historic business district of a mid-size city. The menu is designed to accommodate often hurried lunch customers as well as...

Answered: 1 week ago

Question

★★★★★

Multinational Companies from Emerging and Developed Countries Multinational companies from countries with emerging economies such as Brazil, Russia, India, and China are beginning to expand...

Answered: 1 week ago

Question

★★★★★

Whether they are energizing specialists, simply picking, managing assets or coordinating arrangements, bosses are key for business. Directors have been an indispensable variable for business...

Answered: 1 week ago

Question

★★★★★

15. Ask yourself the following questions: What do you want to remember from your everyday experiences? These are the experiences that fill most of your life. They may take 9099% of your time. What do...

Answered: 1 week ago

Question

★★★★★

What reward will you give yourself when you achieve this?

Answered: 1 week ago

Question

★★★★★

11. Now consider the different goals you have for your life in the future. See these goals in relation to your core values and your roles. How do goals affect your roles and your values? Development...

Answered: 1 week ago

Previous Question Next Question