The monthly profit from the sale of x units of a product is given by P =
Question:
The monthly profit from the sale of x units of a product is given by P = 16x - 0.01x2 - 900 dollars.
(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: 70% (10 reviews)
P 16x 001x 2 900 The vertex coordinates are ...View the full answer
Answered By
MICHAEL KICHE
I was employed studypool for the first time in tutoring. I did well since most of my students and clients got the necessary information and knowledge requested for. I always submitted the answers in time and followed the correct formatting in answering eg MLA or APA format,
Again I worked with the writers bay where I did writing and got many clients whom we worked with so closely. They enjoyed every single service I delivered to them. My answers are always correct.
4.70+
13+ Reviews
53+ Question Solved
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Mathematics questions
-
The daily profit from the sale of x units of a product is P = 80x - 0.4x2 - 200 dollars. (a) What level of production maximizes profit? (b) What is the maximum possible profit?
-
The supply function for a product is given by p = q2 + 300, and the demand is given by p + q = 410. Find the equilibrium quantity and price?
-
The demand function for a product is given by P = 200 / 2 + 0.1x Where x is the number of units and p is the price in dollars. (a) Graph this demand function for 0 ( x ( 250, with x on the horizontal...
-
Use Figure 5.25 to encode or decode the messages in Problems 3748. Multiply by 4 and add 10. WDVCTWDVGLR JR VCT RZFNTWT KZP.TY.
-
In each of the following exercises, give an expression for the answer using permutation notation, combination notation, factorial notation, or other operations. Then evaluate. Of the first 10...
-
In Figure 6-20, suppose a new flow E is added that takes a path from R1 to R2 to R6. How does the max-min bandwidth allocation change for the five flows?
-
A viscous fluid (specific weight \(=80 \mathrm{lb} / \mathrm{ft}^{3}\); viscosity \(=\) \(0.03 \mathrm{lb} \cdot \mathrm{s} / \mathrm{ft}^{2}\) ) is contained between two infinite, horizontal...
-
Condensed financial data of Fulton Corp. for 2014 and 2013 are presented below. FULTON CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2014 Sales ............... $15,200 Cost of goods sold...
-
A roller coaster car (RC) of mass m = 1200 kg (includes passengers) is to be thrust into motion from a height H with a speed of vo = 2 m/s. It is to come down the track and complete a full circle...
-
12.7 Trading Places: Two players, 1 and 2, each own a house. Each player i values his own house at v. The value of player i's house to the other player, i.e., to player ji, is v. Each player i knows...
-
Find the average rate of change of f (x) = 100x x 2 from x = 30 to x = 50.
-
If f (x) = x 3/2 , find the following. (a) f (16) (b) f (1) (c) f (100) (d) f (0.09)
-
I suspect that most of us can view and appreciate most sports such as baseball, football, and basketball. What if you were to view a Cricket World Cup game? If you didn't know the rules you probably...
-
ORDER_MED_ID is a numeric column that contains the IDs of medication orders. Which of the following correctly converts ORDER_MED_ID to a string datatype? SELECT ONE OF THE FOLLOWING (1 PT) A....
-
How does ERP enable continuous improvement and performance measurement in supply chain management?
-
A 0.98-kg ball is thrown forward at an angle above level ground. The ball has kinetic energy of 22.66 J at the apex of its trajectory and it lands 4.3 m away from where it was thrown. What is the...
-
How does ERP support supply chain sustainability and environmental initiatives?
-
Vector A has magnitude 5.00 and is at an angle of 36.9 south of east. Vector B has magnitude 6.40 and is at an angle of 20.0 west of north. Choose the positive x-direction to the east and the...
-
Yula's Yoga engaged in the following transactions during March 2017, its first month of operations: Mar. 1 The business received a $15,000 cash investment from Yula Gregore to start Yula's Yoga. 1...
-
In 1995 Miguel purchased a home for $130,000. In 2000 he sold it for $170,000 and immediately purchased another one for $180,000, which he sold in 2007 for $235,000. How much taxable capital gain, if...
-
Find the range of the set of numbers given. 1. 3, 5, 7, 8, 2, 11, 6, 5 2. 5, 1, 3, 1.4, 6.3, 8 3. - 1, 2, 4, 3, 6, 11, 3, 4, 2 4. 2, 3, 3, 3, 3, 3, 9
-
Find the mean, variance, and standard deviation of each of the sets of sample data. 1. 5, 7, 1, 3, 0, 8, 6, 2 2. 7, 13, 5, 11, 8, 10, 9 3. 11, 12, 13, 14, 15, 16, 17 4. 4, 3, 6, 7, 8, 9, 12
-
Find the mean and standard deviation of the sample data in each table. 1. 2. 2 4 4 5 3 f(x) 2 2. 3. 3 4 6 8 f(x) 3 4 3 3.
-
A corporation issues 13 %, 15-year bonds with a par value of $570,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 11%, which implies a selling price...
-
If you were asked whether a large university such as Tennessee or Michigan with a large seating capacity for their football stadiums should build a new football stadium, how would you respond and...
-
A production department reports the following conversion costs. Equivalent units of production for conversion total 436,000 units this period. Calculate the cost per equivalent unit of production for...
Study smarter with the SolutionInn App