A manufacturer of motorcycles estimates that if x thousand dollars are spent on advertising, then for x
Question:
A manufacturer of motorcycles estimates that if x thousand dollars are spent on advertising, then for x > 0,
cycles will be sold.
a. Sketch the graph of the sales function M(x).
b. What level of advertising expenditure results in maximum sales? What is the maximum sales level?
Transcribed Image Text:
M(x) = 2,300 + 125 X 500 1²
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
a b when x 8 From the graph this is c...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
Question Posted:
Students also viewed these Mathematics questions
-
A manufacturer of motorcycles estimates that if x thousand dollars is spent on advertising, then cycles will be sold. At what rate will sales be changing when $9,000 is spent on advertising? Are...
-
A company determines that if x thousand dollars are spent on advertising a certain product, then S(x) units of the product will be sold, where a. Sketch the graph of S(x). b. How many units will be...
-
A company estimates that if x thousand dollars are spent on marketing a certain product, then S(x) units of the product will be sold each month, where a. How many units will be sold if no money is...
-
A car manufacturer designs a fuel-efficient car for 1993. The company argues that the car can attain an average of 45 miles per gallon. The miles per gallon of the car follows a normal distribution...
-
Explain the difference between a training set and a testing set. Why do we need to differentiate them? Can the same set be used for both purposes? Why or why not?
-
Consider the assignment problem having the following cost table. (a) Draw the network representation of this assignment problem. (b) Formulate this problem as a transportation problem by constructing...
-
\(C_{V}\) for an ideal gas (a) Is independent of temperature only (b) Is independent of pressure only (c) Is independent of volume only (d) Is independent of both pressure and volume.
-
Given the following business rules, construct an ER diagram so each rule is captured for the database. Presume each rule is to be treated individually. Construct an ER diagram for each rule. a. A...
-
What are the most common stress-related disorders, and what innovative treatments are currently being developed to address these conditions ?
-
Perform the indicated operations. m3m + 5m - 3 m - 1
-
Sketch the graph of a function f that has all the following properties: a. The graph has discontinuities at x = 1 and at x = 3 b. f'(x) > 0 for x < 1, x 1 c. f'(x) < 0 for x > 1, x 3 d. f"(x) > 0...
-
As part of a study of risk factors for stroke, 155 women who had experienced a hemorrhagic stroke (eases) were interviewed. For each case, a control was chosen who had not experienced a stroke; the...
-
When sulfur dioxide is emitted into the air it is transported over long distances and is converted to sulfuric acid. This gradually falls to the ground, either as rain or snow or simply by settling...
-
An automobile maker is interested in the marginal willingness to pay by consumers for fuel economy in the cars the manufacturer produces. The automobile maker has asked you to conduct a hedonic...
-
How would things change if land were not an input into production? In particular, how would the conclusions regarding how an increase in pollution would effect wages and land rents change?
-
Explain how the public interest theory of regulation might come to a different conclusion regarding emission fees vs. marketable permits than the interest group theory.
-
Pierre is a software engineer, working in a heavily polluted city in northern France. He does not like the pollution, but the pay is good and housing is relatively cheap. He is considering taking a...
-
Bendigo Health is a 672-bed hospital near Melbourne, Australia.8 When the hospital admin-istrators wanted to decide on tire number of beds to set aside for a new program, transition care, some...
-
How can a promoter avoid personal liability for pre-incorporation contracts?
-
Find each double integral over the region R with boundaries as indicated. R yey + dx dy; 0x 1,0 y 1
-
In 1931, Albert Einstein developed the following formula for the sum of two velocities, x and y: where x and y are in miles per second and c represents the speed of light, 186,282 miles per second....
-
The profit (in dollars) from selling x units of one product and y units of a second product is P = -(x - 100) 2 - (y - 50) 2 + 2000. The weekly sales for the first product vary from 100 units to 150...
-
A company designed a spring system for loading ice blocks onto a truck. The ice block is placed in a holder H in front of the spring and an electric motor compresses the spring by pushing H to the...
-
4. Let A = [86], B = [ 4 (a) Find the determinants of A and B. (b) Find the inverses of A and B.
-
Let u=3, b. Compute uv, uv, 2-3 v =
Study smarter with the SolutionInn App