A small business has weekly costs of C = 100 + 30x + x2/10 where x is

Question:

A small business has weekly costs of
C = 100 + 30x + x2/10
where x is the number of units produced each week. The competitive market price for this business's product is $46 per unit. Find the marginal profit.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 06:44 AM

See More Questions

A small business has weekly average costs, in dollars, of Where x is the number of units produced each week. The competitive market price for this business's product is $46 per unit. If production is...
An auditor of a small business has sampled 50 of 750 accounts. The sample mean total receivables is $525, and the sample standard deviation is $80. Find a 95% confidence interval for the total amount...
A firm has monthly costs given by C = 45,000 + 100x + x3 where x is the number of units produced per month. The firm can sell its product in a competitive market for $4600 per unit. Find the marginal...
A company has the following results for the three years to 31 October 2020: Assuming that all possible claims are made to relieve the trading loss against total profits, calculate the company's...
Find the internal pressure p1 of a liquid if its density p and specific latent heat of vaporization q are known. The heat q is assumed to be equal to the work performed against the forces of the...
Solve each equation. If necessary, round each answer to the nearest thousandth. 3 z-2 = 11
Fill in the Blank. The representation of the motion of a system in the displacement-velocity plane is known as ___________ plane representation.
A consulting project has an actual cost in month 10 of $23,000, a scheduled cost of $17,000, and a value completed of $20,000. Find the schedule and cost variances and the three indexes.
Consider the energy we use everyday in routine tasks, where that energy comes from, and where it goes. When you walk up a hill you overcome the force of gravity to raise yourself higher against the...
Because of the possible legal consequences, many people in a sample of the U.S. population chose not to participate in a survey regarding illegal drug use. What type of problem has occurred?...
If the revenue function for a product is R(x) = 60x2 / 2x + 1 find the marginal revenue.
The graph shows the total revenue and total cost functions for a company. Use the graph to decide (and justify) at which of points A, B, and C (a) The revenue from the next item will be least. (b)...
The owner of a personal computer company is considering whether to install a large or a small new assembly line. The possible payoffs (in thousands of dollars) depend on the state of the economy and...
Louis files as a single taxpayer. In April of this year he received a $930 refund of state income taxes that he paid last year. How much of the refund, if any, must Louis include in gross income...
Helen is a retailer operating in Toowoomba and she received the following amounts during the current tax year ended 30 June: Helen received $230 000 from the sale of an investment property she had...
To pay an entered bill from a supplier, you would: (1 Point) Write a cheque Use the Pay Bills window Use the General Journal Create a credit memo 17.It contains a file for each customer with whom the...
Analyze how the economic concentration in the area you chose was influenced by competition and pricing. Analyze how the economic concentration in the area you chose influenced the supply chain. ...
Describe the management of EHRs including eliminating duplicate records, purging records, and backing up the EHR.
The professional accounting bodies in many countries have taken, or are taking, steps to adopt IFRS. Required: Go to the website of a professional accounting body of your choice and outline the steps...
If your school has a subscription to the FASB Codification, go to aaahq.org/ ascLogin.cfm to log in and prepare responses to the following. (a) What is the stock dividend? (b) What is a stock split?...
Consider the bearing wear data in Exercise 12-7 with no interaction. (a) Test for significance of regression using a = 0.05. What is the P-value for this test? What are your conclusions? (b) Compute...
Reconsider the bearing wear data from Exercises 12-7 and 12-20. (a) Refit the model with an interaction term. Test for significance of regression using a = 0.05. (b) Use the extra sum of squares...
Consider the wire bond pull strength data in Exercise 12-8. (a) Test for significance of regression using a = 0.05. Find the P-value for this test. What conclusions can you draw? (b) Calculate the...
Milden Company is a merchandiser that plans to sell 4 1 , 0 0 0 units during the next quarter at a selling price of $ 5 9 per unit. The company also gathered the following cost estimates for the next...
How do organizational learning theories, such as the learning organization concept and knowledge management practices, contribute to sustained competitive advantage and organizational resilience in...
Harbert, Incorporated had a beginning balance of $12,000 in its Accounts Receivable account. The ending balance of Accounts Receivable was $10,500. During the period, Harbert collects $72,000 of its...

A small business has weekly costs of C = 100 + 30x + x2/10 where x is

Question:

Step by Step Answer:

Px 46x 100 30x ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions