Suppose the profit from the sale of x units of a product is P = 50x -
Question:
Suppose the profit from the sale of x units of a product is P = 50x - 300 - 0.01x2.
(a) What level(s) of production will yield a profit of $250?
(b) Can a profit of more than $250 be made?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
a P 50x 300 001x 2 When P 250 ...View the full answer
Answered By
Prince Siwal
Tutored in my college, gave lectures, seminars organised training workshops.
0.00
0 Reviews
10+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus 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?
-
Suppose that the revenue in dollars from the sale of x units of a product is given by R(x) = 1000xe-x/50 Find the marginal revenue function.
-
Suppose the revenue (in dollars) from the sale of x units of a product is given by Find the marginal revenue when 49 units are sold. Interpret your result. 60x? + 74x R(x) = %3D 2 + 2
-
Dwights preferences over beer and whiskey satisfy more is better, but are concave (thus violating the usual assumption of convexity). a. On a diagram, sketch what such indifference curves would look...
-
In a cold environment, a person can lose heat by conduction and radiation at a rate of about 200 W. Estimate how long it would take for the body temperature to drop from 36.6oC to 35.6oC if...
-
Use the following parameters in a two-period binomial tree model. S = $80, U = 1.4, D = 0.75, 1+R = 1.03. There are no dividends. (a) Draw the tree of stock prices over time. (b) What is the value of...
-
You have been asked by the prospective directors of a shortly to be established business what is meant by ordinary shares, preference shares and debt capital. Further, you have been asked to provide...
-
General Instrumentation Company manufactures dashboard instruments for heavy construction equipment. The firm is based in Baltimore, but operates several divisions in the United States, Canada, and...
-
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene...
-
The following post-closing trial balance was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, 2015: Transactions for 2016 1. LGS acquired additional $20,000 cash from the...
-
Suppose the profit from the sale of x units of a product is P = 6400x - 18x2 - 400. (a) What level(s) of production will yield a profit of $61,800? (b) Can a profit of more than $61,800 be made?
-
If a ball is thrown upward at 96 feet per second from the top of a building that is 100 feet high, the height of the ball is given by S = 100 + 96t - 16t2 feet where t is the number of seconds after...
-
Simplify the expression. Assume all variables represent nonzero real numbers. (2 2 ) 5
-
What causes the Contributed Capital account to a ) increase and b ) decrease? Explain your answers and provide any reference material used.
-
A poll was taken of 14,073 working adults aged 40-70 to determine their level of education. The participants were classified by sex and by level of education. The results were as follows. Education...
-
1. What does strategy mean to you? Explain why strategy is important for organizations. 2. Briefly explain vision, mission and goals. Why are these important for organizations? 3. Briefly explain the...
-
A 50-year-old man is admitted for a femur fracture following a motor vehicle collision. Two days after admission, he becomes very agitated, tremulous, diaphoretic, tachycardic, and hypertensive. From...
-
When Jason Bachelor graduated from pharmacy school, his father gave him a $500,000 building to start his own pharmacy. Recently, Jason was boasting to some of his fellow pharmacists that his revenues...
-
Suppose you are given an array, A, of n positive integers. Describe an O(n) algorithm for removing all the even numbers from A. That is, if A has m odd numbers, then, after you are done, these odd...
-
Revol Industries manufactures plastic bottles for the food industry. On average, Revol pays $76 per ton for its plastics. Revol's waste-disposal company has increased its waste-disposal charge to $57...
-
A house that 20 years ago was worth $160,000 has increased in value by 4% each year because of inflation. What is its worth today?
-
Suppose a country is so devastated by the AIDS epidemic that its population decreases by 0.5% each year for a 4-year period. If the population was originally 10 million, what is the population at the...
-
If changing market conditions cause a company earning $8,000,000 in 2018 to project a loss of 2% of its profit in each of the next 5 years, what profit does it project in 2023?
-
HW# 6 Consider the following probability distribution for Stock X and Y: Probability X Y 0 . 1 2 0 % 4 0 % 0 . 3 1 6 % 1 2 % 0 . 3 1 0 % 3 0 % 0 . 3 1 5 % 1 0 % Assuming that the free rate is 4 % ,...
-
Ziegler Co used the following data to evaluate its current operations. The company actually sells items for $21 each and used a budgeted selling price of $21 per unit. What is the static-budget...
-
Sum-of-the-parts ("SOTP") or "break-up" analysis provides a range of values for a company's equity by summing the value of its individual business segments or assets to arrive at the total enterprise...
Study smarter with the SolutionInn App