A company has two plants that produce the same lawn mower. If x 1 and x are
Question:
A company has two plants that produce the same lawn mower. If x1 and x₂ are the numbers of units produced at plant 1 and plant 2, respectively, then the total revenue for the product is given by
When x₁ = = 5 and x₂ 8, find
(a) The marginal revenue for
plant 1, ∂R/∂x₁
(b) The marginal revenue for plant 2,
∂R/∂x₂.
Transcribed Image Text:
R = 300x₁ + 300x₂5x² - 10x₁x₂ - 5x3.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
a b R...View the full answer
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
A pharmaceutical corporation has two plants that produce the same over-the-counter medicine. If x 1 and x 2 are the numbers of units produced at plant 1 and plant 2, respectively, then the total...
-
The Philbrick Company has two plants on opposite sides of the United States. Each of these plants produces the same two products and then sells them to wholesalers within its half of the country. The...
-
A furniture company has two plants that produce the lumber used in manufacturing tables and chairs. In 1 day of operation, plant A can produce the lumber required to manufacture 20 tables and 60...
-
A steam turbine receives a flow of 3 kg/s water at 1200 kPa, 350 C and velocity of 15 m/s. The steam exits the turbine at 100 kPa, 150 C and very low velocity. Find the specific work and the power...
-
Suppose that you own and operate a company. You need to raise money to expand your operation, so you approach a bank for a loan. The loan officer has asked you for your companys financial statements....
-
You are contemplating membership in the St. Swithins and Ancient Golf Club. The annual membership fee for the coming year is $5,000, but you can make a single payment today of $12,750, which will...
-
Water flows past a triangular flat plate oriented parallel to the free stream as shown in Fig. P9.50. Integrate the wall shear stress over the plate to determine the friction drag on one side of the...
-
To encourage its foreign managers to incorporate expected exchange rate changes into their operating decisions, Vancouver Enterprises requires that all foreign currency budgets be set in Canadian...
-
How do we audit the unrecorded liabilities? Please list out the audit procedures. 1. On payroll test, how do we perform the test? What is a reasonableness test for payroll expense? 2. On fraud, we...
-
Find the total differential. w = 3x - 2yz
-
(a) Evaluate (2, 1) and (2.1, 1.05) and calculate z (b) Use the total differential dz to approximate z. (x, y) = 4x + 2y
-
A woman in an elevator lets go of her briefcase, but it does not fall to the floor. How is the elevator moving?
-
Collect the ten most recent tombstone ads you can find using the Wall Street Journal. What investment banks consistently show up as underwriters and syndicate participants? Based on your sample of...
-
Investment Guru provides investment advice to customers for fees. On 30 June 2019, it completed its first year of operations. Some of the ledger account balances of the business, before any yearend...
-
Read the below article and answer the questions that follow. Dick Smith: Former director wasnt concerned by ballooning inventory Failed retailer Dick Smith had too much inventory, including a 10year...
-
Prove that the product of two symmetric matrices is not necessarily symmetric.
-
The following is a set of data from a sample of n = 11 items: a. Calculate the covariance. b. Calculate the coefficient of correlation. c. Describe the relation between the two variables X and Y. 8 6...
-
We now have the tools to solve the Chapter Focus Problem. In the book Manual: A Guide to the Development and Use of the Myers-Briggs Type Indicators by Myers and McCaulley, it was reported that...
-
The comparative statements of financial position of Menachem NV at the beginning and end of the year 2019 appear below. Net income of ¬34,000 was reported, and dividends of ¬23,000 were paid...
-
The theory of diffraction produces the sine integral function Use the Midpoint Rule to approximate Si (1) and Si (10). (Recall that Experiment with the number of subintervals until you obtain...
-
The heights of U.S. men are normally distributed with a mean of 69 inches and a standard deviation of 3 inches. This means that the fraction of men with a height between a and b (with a < b) inches...
-
A recent study revealed that the lengths of U.S. movies are normally distributed with a mean of 110 minutes and a standard deviation of 22 minutes. This means that the fraction of movies with lengths...
-
2. A molecular motor is moving along an actin filament or a microtubule carrying a cargo of a radius against the viscous friction force. The energy for the motion comes from ATP hydrolysis. Assume...
-
The blue diode laser used for reading Blu-Ray disks has a wavelength of 405 nm. Traditional DVD diode lasers use a red diode laser with wavelength of 650 nm. Light from both diode lasers is directed...
-
You attempt to throw a ball over a fence to your friend on the other side. you are 1 2 . 4 m from the fence when you throw it at an angle of 5 5 degrees above the horizontal, giving it an initial...
Study smarter with the SolutionInn App