Greenyard's manufactures and sells yard furniture made out of recycled materials. It is considering making a lawn chair from recycled aluminum and fabric products. The expense and revenue functions are E = -1,850p + 800,000 and R = -100p2 + 20,000p.
a. Determine the profit function.
b. Determine the price, to the nearest cent, that yields the maximum profit.
c. Determine the maximum profit, to the nearest cent.
Students also viewed these Linear Algebra questions
The Firm Chair Company manufactures customized wood furnitureandsellsthefurniture in large...... ... cost ofthe next chair changed. For this type of chair, the file Firm Chair.xlsx contains the quantity and total price tothe customer for 81 orders. Use regression to help Jim discover the...View Answer
A wooden furniture company manufactures two products, benches and picnic tables, for use in yards...... ... usually buy tables and benches at the same time, the number of benches made should be at least twice as many as the number of tables made. How many benches and tables should be produced to...View Answer
Foster Drugs, Inc., handles a variety of health and beauty aid products.A particular hair...... ... seriously consideringthe periodic review system. Would you support this decision? Explain.f. Would you tend to favor the continuous review system for more expensive items? For example, assume that...View Answer
The meter stick in FIGURE P34.48 lies on the bottom ofa 100-cm-long tank with its zero mark...... ... 30° angle, with your line of sight just grazing the upper left edge ofthe tank. What mark do you see on the meter stick ifthe tank is (a) Empty, (b) Half full of water, (c) Completely full ofView Answer
What do we call the mechanical equations written in order to evaluate the transfer function?View Answer
Bob Freeley and Jack Hart form a partnership, investing $25,000 and $100,000, respectively....... ... of their capital balances. c. Net income is $140,000. The first $84,000 is shared on the basis of partner capital balances. The next $42,000 is based on partner service, with Freeley getting 25%...View Answer
1.Consider thefollowing notation: Let N bethe number of persons tobe admitted, K the set of...... ... applicants’ scores. Write an objective to minimize the sum ofthe selected applicants’ rankings. Write an objective so thatthe last applicant selected hasthe best possible ranking. Hint:...View Answer
Define random variable X as the annual rainfall in Chicago, which is a valuable metric for the...... ... Determine the probability thatatleast 8 out ofthe next 10 years will have annual rainfall amounts greater than 40.2 inches, which is the expected requirement forthe success ofthe new crop....View Answer
1. Beta Utilities Inc. expects a constant growth rate of 2% in its dividend payments. If the...... ... the time value of money. c. It cannot be used to analyze components of required return. d. It cannot be used to value companies that do not currently pay dividends. e. Its accuracy depends on the...View Answer
I am trying to find out if I should usea Fixed Effect model versus a Random Effect model. Given a...... ... other elements ofthe return policy remain constant across all stores\" Other elements meaning excluding the leniency ofthe return policy. Because Fixed Effect is unable tohave time...View Answer
Metro-Goldwyn-Mayer Studios Inc. (MGM) is amajor producer and distributor of theatrical and...... ... end ofeachyear.Usethe table ofthe present value of $1 appearing in Exhibit 1 ofthis chapter. Round tothe nearest whole million dollars. b. Under the assumptions provided here, is the film...View Answer
Anne has been given the task of conducting a survey of sales clerks who will be using a new order...... ... the same questionnaire a second time. Atthis point, Anne has just a 14% response rate, which she is sure will not please her team leader. What suggestions do youhavethat could have...View Answer
McDonald’s, a hamburger fast- food restaurant, incurs thefollowing costs: a. Cost of oil for...... ... h. Cost of “to- go” bags requested by customers who could not finish their meals inthe restaurantRequiredClassify eachofthe cost items (a– h) as oneofthe business functions of the...View Answer
Describe whether you agree that capitalization ofthe tooling supplies is the preferable method of accounting for Auto Parts, Inc.View Answer
LockTite (LT) has introduced a just-in-time production process and is considering the adoption of...... ... be excluded when computing operating income forthese cost objects? 2. Compute operating income forthe cost objects identified in requirement 1 using lean accounting principles. Why does...View Answer