Question: Let the expense function for a particular item be defined as y = -1,950x + 53,000. Let the revenue function be defined as y =

Let the expense function for a particular item be defined as y = -1,950x + 53,000. Let the revenue function be defined as y = -450x2 + 10,000x, where x represents price in each equation. Use this window.
a. Graph the two functions.
b. Determine the x- and y-coordinates of the first point where the two graphs intersect. Round those values to the nearest whole number.
c. Explain the significance of this point in the context of expense, revenue, and price.
WINDOW
Xmin = 0
Xmax = 30
Xscl = 1
Ymin = 0
Ymax = 70000
Yscl = 1
Xres = 1

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Enter the expense equation in Y 1 and the revenue equation in Y 2 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

790-L-A-L-S (1540).docx

120 KBs Word File

Students Have Also Explored These Related Linear Algebra Questions!

The expense function for a widget is E = -3,000p + 250,000. The revenue function is R = -600p2 +25,000p. a. Write the profit equation in simplified form. b. Use the axis of symmetry formula to...

Billy invented an innovative baseball batting glove he named the Nokee and made his own TV infomercial to sell it. The expense function for the Nokee is E = 6.21q + 125,000. The Nokee sells for...

The expense function for the Wonder Widget is E = 4.14q + 55,789. a. What is the fixed cost in the expense function? b. What is the cost of producing 500 Wonder Widgets? c. What is the average cost...

Let the expense function for a particular item be defined as y = 1,950x + 53,000. Let the revenue function be defined as y = 450x 2 + 10,000x , where x represents price in each equation. Use the...

Hello, Can you help me with this assignment? the instruction for this assignment is in the attachment below CIS 1220 Final Exam Problem Statement Fashion Impressions is a designer clothing...

can any expert help me with the below assignment just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question...

just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question 2..BTW,please focus the every step FINANCE SPOTLIGHT...

Good Morning Everyone, I need some assistance with these two problem. I must calculate the Debt to Equity for Tesla Inc. using their financial statements ( also attached). AND I must calculate the...

Use of Fig. 525 find a 95% confidence interval for a sample of 200 values with mean 120 from a normal distribution with variance 4, using Fig. 525.

6. Find the Indicated voltage Vo and current Ip or I for the following circuits: +10 V +16 V Si Si Ge Si Si V. 1 k2 4.7 k2 6+12 V (b)

Electronics World Inc. paid out $ 1 1 . 1 million in total common dividends and reported $ 2 3 1 . 4 million of retained earnings at year - end. The prior year's retained earnings were $ 1 8 0 . 5...

Show that condition (4.40) implies (C.19) by showing n1/2 X h0 h |(h)| 2 w X k0 |k| X j0 pj |j |.

Rhonda wants to take out a 30-year, $280,000 loan with a 4.4% APR. She is considering purchasing 2 points, which will decrease her APR by 0.125% per point. Each point will cost 1% of her loan....

Adam is taking out a $197,000 mortgage. His bank offers him an APR of 4.45%. He wants to compare monthly payments on 20- and 30-year mortgages. Find, to the nearest $10, the difference in the monthly...

Jessicas financial advisor believes she should spend no more than 28% of her gross monthly income for her rent. She has determined that amount is $1,400 per month. Based on this amount and her...

13-2 a. Explain how stock splits affect the (i) company, and (ii) individual investors in a certain way. Pick the correct answer from the list of possible answers below and fill in the blanks in the...

You have been given the expected return data shown in the first table on three assetsF, G, and Hover the period 20132016. Expected return Year Asset F Asset G Asset H 2013 16% 17% 14% 2014 17 16 15...

Question 4 0 2 points Thomas Malthus was an economist, not a biologist. Yet, his essay on populations provided Darwin with an important missing piece of the evclution puzle. How? As an economist, he...