A company is selling a product at market price that has a daily cost function C(x) =

Question:

A company is selling a product at market price that has a daily cost function C(x) = 0.05x² + 300 in dollars and a daily revenue function R(x) = 12x in dollars, where x is units sold.

(a) Determine the coordinates of the break-even points to the nearest hundredth.

(b) Graph the cost and revenue functions in the window [0, 300, 50] by [0, 3000, 500].

(d) Use the cost and revenue functions to write the profit function P(x).

(e) How many units should be sold daily to maximize profit? What is the maximum profit possible?

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

Step by Step Answer:

Related Book For answer-question

College Algebra With Modeling And Visualization

ISBN: 9780134418049

6th Edition

Authors: Gary Rockswold

See More Books

Question Posted: Jun 08, 2023 07:41 AM

See More Questions

Consider the following information which relate to a three-product firm Product Alpha Beta Gamm Sales 6000 5000 4000 Unit Selling price 5 6 15 Unit Variable Cost 3 2 8 Fixed Expenses 30,000 Required;...
The Financial Herald, a weekly newspaper specializing in corporate financial news, is purchased by both businesspeople and students. A marketing research firm has estimated the two linear demand and...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Louise Kalbe drew a check in the amount of $7,260 payable to the order of cash on her account at the Pulaski State Bank. The check was lost or stolen, but Kalbe did not report this to the bank, nor...
The following is a list of 12 control plans from this chapter. Control Plans A. Firewall B. Backup batteries and generators C. Insurance D. Employee badges, guest sign-in, locks on computer room...
Len, a caregiver of 1- and 2-year-olds, wonders whether toddlers recognize themselves. List signs of self-recognition in the second year that Len can observe. What behaviors reveal that toddlers are...
Ormet Primary Aluminum Corporation, operated an aluminum smelter plant in Hannibal, Ohio. The facility ceased production in October 2013 in order to liquidate its assets after filing for bankruptcy...
Here are comparative balance sheets for Taguchi Company. Additional information:1. Net income for 2010 was $103,000.2. Cash dividends of $45,000 were declared and paid.3. Bonds payable amounting to...
Create an interface, Stock derivatives, with two attributes viz., delta=0.5 and vega=0.2 which are used to determine option premium of a stock. Also add an abstract method Find Premium. Write a class...
Use Gaussian elimination with backward substitution to solve the system of linear equations. Write the solution as an ordered pair or an ordered triple whenever possible. x + y + z = 3 x + y + 2z = 4...
A business has three machines that manufacture containers. Together they can make 100 containers per day, whereas the two fastest machines can make 80 containers per day. The fastest machine makes 34...
Western Energy makes quarterly deposits into an account reserved for purchasing new equipment 2 years from now. The interest paid on the deposits is 12% per year, compounded monthly. (a) Identify the...
List the five principles of how lean systems function.
To what extent is it appropriate to support a positive climate for diversity management for purely business-focused reasons rather than as part of its cultural values?
All of the following are procedures for identifying unrecorded liabilities except: a. examination of the subsequent periods purchase and payment transactions. b. analytical procedures for expense and...
Describe the main characteristics of lean systems.
Explain the terms lean operations and JIT.
Explain the role of knowledge in todays competitive environment.
KD Insurance Company specializes in term life insurance contracts. Cash collection experience shows that 20 percent of billed premiums are collected in the month before they are due, 60 percent are...
Student researchers wanted to see if a persons reaction time is slower if they use their nondominant hand to click a computer mouse compared to using their dominant hand. The researchers had a...
Reconsider the previous exercise on handedness and reaction time. If you havent already done so, put the data file Reaction Times into the Matched Pairs applet and do at least 1,000 randomizations....
Reconsider the previous exercises on handedness and reaction time. If you havent already done so, put the data file Reaction Times into the Matched Pairs applet and do at least 1,000 randomizations....
2. You are cautiously bullish on the common stock of the Wildwood Corporation over the next couple years, but you are not sure about the market movement of the coming couple months. The current price...
Find the real number (in decimal) which is represented in the memory using 32-bit floating- point representation as follows, lease show your steps follows: 00 00 A 0 CO
You find the following corporate bond quotes. To calculate the number of ye maturity, assume that it is currently January 15, 2019. The bonds have a par $2,000 and semiannual coupons. Company Last...

A company is selling a product at market price that has a daily cost function C(x) =

Question:

Step by Step Answer:

a The breakeven points are at 283...View the full answer

College Algebra With Modeling And Visualization

Students also viewed these Mathematics questions