Given C(x) = 360 + 10x + 0.2x2 and R(x) = 50x - 0.2x2, find the level

Question:

Given C(x) = 360 + 10x + 0.2x2 and R(x) = 50x - 0.2x2, find the level of production that gives maximum profit and find the maximum profit?

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

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 04:51 AM

See More Questions

1. The profit function for a certain commodity is P(x) = 110x - x2 - 1000. Find the level of production that yields maximum profit, and find the maximum profit? 2. The profit function for a firm...
A small business has weekly average costs, in dollars, of Where x is the number of units produced each week. The competitive market price for this business's product is $46 per unit. If production is...
Suppose that marginal cost for a certain product is given by MC = 1.05(x + 180)0.05 and marginal revenue is given by MR = (1 / 0.5x + 4) + 2.8, where x is in thousands of units and both revenue and...
When members of your team coordinate how to prepare the progress report, in which direction is the flow of communication?
A Doppler flow meter uses ultrasound waves to measure blood-flow speeds. Suppose the device emits sound at 3.5 MHz, and the speed of sound in human tissue is taken to be 1540 m/s. What is the...
Rize Co. reports the following (partial) T-account activity at the end of its first year of operations. 1. Compute the under- or overapplied overhead for the year. 2. Prepare the journal entry to...
For fluids with $\operatorname{Pr} <1$ the velocity profile is assumed to be a cubic for \(y
Base your answers to the following questions on the financial statements for Leons Furniture imited/Meubles Lon Lte in Exhibits 1.27A to 1.27D. In the questions below, the year 2016 refers to Leons...
Find the equations that have the given properties. Write your answers in slope-intercept form. Here is the point-slope formula: y-y = m(x-x) Show your work in the space provided below. 1. Find the...
A rifle is used to shoot twice at a target, using identical cartridges. The first time, the rifle is aimed parallel to the ground and directly at the center of the bull's-eye. The bullet strikes the...
Given total profit P(x) = 1.3x2 - 0.01x2 - 30, find maximum profit and the break-even quantities and sketch the graph?
A certain company has fixed costs of $15,000 for its product and variable costs given by 140 + 0.04x dollars per unit, where x is the total number of units. The selling price of the product is given...
(a) At what speed will the force of static friction exerted on the car by the road be equal to half the weight of the car? The mass of the car is m = 1200 kg, the radius of the corner is r = 45 m,...
On Monday, May 15, 2017, you bought (traded) the XZX, Inc. 8.25% corporate bonds with a trading value of $96.50 price. The coupon payments are paid on March 31 and September 30. Using the 360-day...
Dr. Sulaiman Alhabib Medical Services Group stock sells for SAR 75 per share, and you've decided to purchase 200 shares. You have $15,000 available to invest. a)Construct your equity account balance...
You have $7,000 excess cash to invest after you fully funded your emergency fund. You can choose to use the cash on a T-bill that can be purchased for $6,500 (maturing to value at $10,000 after one...
Using the dividend-growrh model, what is the value of stocks if: This must be done in excel Dividends are $2 per year, the required return is 11%, and the expected growth is 4.5%
Nathan Drake is considering borrowing $2850,000 for 20 years at a compound annual interest rate of 6.59% p.a. The loan agreement calls for 20 equal annual payments, to be paid at the end of each of...
Simplify the expression. Write answers without negative exponents. Assume all variables represent positive real numbers. (121/100) -3/2
What is EBIT/eps analysis? What information does it provide managers?
Suppose that f (x) is a differentiable function. Use the table of values to approximate f'(3) as accurately as possible. 2 2.5 2.999 3 3.01 3.1 f(x) 18.4 44.896 45 46.05 56.18
For each function in Problems, approximate f' (a) in the following ways. (a) Use f (a + h) - f (a)/h with h = 0.0001. (b) Graph the function on a graphing calculator. Then zoom in near the point...
In Problem, find the derivative of each function. z = 3t 11/3 - 2t 7/4 - t 1/2 + 8
(a) Approximate the following transfer function by removing a non-dominant pole (or a pair of non-dominant poles): (2 Marks) G(s) = = 0.2(s + 2) (s+ 0.5)(s+3 0.8j) (b) Is the following a valid state...
(a) Given that z =2+23i and z =-5+5i. Express, and in polar form. (b) Find z and in exponential form. (c) Find (5)*() in the forms of x+yi.
Evaluate the impact of mobile banking on traditional revenue streams and business models of banks, such as transaction fees, interchange fees, and overdraft charges. How do banks monetize mobile...

Given C(x) = 360 + 10x + 0.2x2 and R(x) = 50x - 0.2x2, find the level

Question:

Step by Step Answer:

Px 50x 02x 2 360 10x 02x 2 ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions