The daily profit from the sale of x units of a product is P = 80x -
Question:
(a) What level of production maximizes profit?
(b) What is the maximum possible profit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
P 80x 04x 2 200 Xcoordi...View the full answer
Answered By
Cristine kanyaa
I possess exceptional research and essay writing skills. I have successfully completed over 5000 projects and the responses are positively overwhelming . I have experience in handling Coursework, Session Long Papers, Manuscripts, Term papers, & Presentations among others. I have access to both physical and online library. this makes me a suitable candidate to tutor clients as I have adequate materials to carry out intensive research.
4.90+
1538+ Reviews
3254+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
The daily profit from the sale of a product is given by P = 16x - 0.1x2 - 100 dollars. (a) What level of production maximizes profit? (b) What is the maximum possible profit?
-
The daily profit, from a juice vending machine placed in an office building is a value of a normal random variable with unknown mean p and variance e r n. Of course, the mean will vary somewhat from...
-
Suppose a company's revenue R (in dollars) from the sale of x units of its product is given by R = 215x Suppose further that the total costs C (in dollars) of producing those x units is given by C =...
-
Consider the following graph. 2 7 6 C 10 10 H 11 E 12 15 14 (a). Find a minimum spanning tree of the graph using Kruskal's algorithm. List the edges in the order they are put into the tree. (b)....
-
(a) Using the solar constant, estimate the rate at which the whole Earth receives energy from the Sun. (b) Assume the Earth radiates and equal amount back into space (that is, the Earth is in...
-
The Spencer Shoe Company manufactures a line of inexpensive shoes in one plant in Pontiac and distributes to five main distribution centers (Milwaukee, Dayton, Cincinnati, Buffalo, and Atlanta) from...
-
Pleasant scents improve memory during sleep, continued. (a) Outline a better design than that of Exercise 5.7 for an experiment to compare the two treatments (scent or no scent) that students...
-
A combination of two drugs (hydrochlorothiazide and oxybutynin) is commonly used to regulate blood pressure in elderly patients. These two drugs mainly affect two physiological variables of the...
-
You are analyzing the following two mutually exclusive projects and have developed the following information. What is the crossover rate? Year Project A Project B 0 -$80,300 $77,900 1 $25,500 $25,000...
-
The weight of an energy bar is approximately normally distributed with a mean of 42.05 grams with a standard deviation of 0.025 gram. a. What is the probability that an individual energy bar contains...
-
Complete the following. (a) Use the graph of y = f(x) to find an integer solution to f(x) = 0. (b) Use the solution from (a) to find a factor of f (x). (c) Factor f (x). (d) Solve f (x) = 0. 1. f(x)...
-
1. The yield in bushels from a grove of orange trees is given by Y = x(800 - x), where x is the number of orange trees per acre. How many trees will maximize the yield? 2. One of the early results in...
-
Plants of the same species grow on opposite sides of a river. It is thought that plants on the north side grow taller than those on the south side. Eight randomly selected plants are chosen from each...
-
On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 76,000. SunTime's December 31, 20X1, trial...
-
In November 2 0 2 4 , Lily informed you that she needs additional cash flow to meet her personal debt obligations. Lily does not want to sell more stock than she needs to because she wants...
-
Bennett limited provides mobile library services to the community of longbourn. bennett has preliminary operating results for the first year and the company found that net income is different from...
-
What is printed when the value of x is 34? if (x < 32 ) { if (x22) { } System.out.println("Blue"); else if (x <10) { } System.out.println("Red"); else if (x > 25 ) { System.out.println("Yellow"); } }...
-
Heidi expresses concern in the video that when employees are also friends, holding them accountable for performance "doesn't come as naturally" to her. She asks you, "Does my focus on relationship...
-
A thin uniform plate cut into the shape of a quarter circle can rotate in a vertical plane about a horizontal axis at point O. Determine the period of the small oscillations of the plate. I G! Fig. P...
-
A bar of a steel alloy that exhibits the stress-strain behavior shown in Figure 6.22 is subjected to a tensile load; the specimen is 375 mm (14.8 in.) long and has a square cross section 5.5 mm (0.22...
-
If the probability that an event will occur is 2/5, what are the odds (a) In favor of the event occurring? (b) Against the event occurring?
-
Compute 6 P 2 .
-
A ball is drawn from a bag containing 13 red balls numbered 113 and 5 white balls numbered 1418. What is the probability that the ball is (a) Not red? (b) White and odd-numbered? (c) White or...
-
The star Mira is 1.2 times the mass of the Sun and about 10,000 times more luminous than the Sun. Would Mira fit into the table above? Why or why not?
-
Which of the following was one of the most valuable benefits a company received as a sponsor of NHL games?
-
Cinder Inc. is a Canadian-controlled private corporation based in your province. The company operates a wholesale business. The following information is provided for its year ended May 31, 2023: Net...
Study smarter with the SolutionInn App