A catering company estimates that, if it has x customers in a typical week, its expenses will

Question:

A catering company estimates that, if it has x customers in a typical week, its expenses will be approximately C(x) = 550x + 6500 dollars, and its revenue will be approximately R(x) = 1200x dollars.

(a) How much profit will the company earn in 1 week when it has 12 customers?

(b) How much profit is the company making each week if the weekly costs are running at a level of $14,750?

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

Step by Step Answer:

Related Book For book-img-for-question

Calculus And Its Applications

ISBN: 9780134437774

14th Edition

Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar

See More Books

Question Posted: Apr 02, 2023 07:32 AM

See More Questions

A catering company estimates that, if it has x customers in a typical week, its expenses will be approximately C(x) = 550x + 6500 dollars, and its revenue will be approximately R(x) = 1200x dollars....
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
When the invitation arrived, Joe Thompson and Cathy (Cat) Obertowitch were not sure what to do. The event looked promising, but the last time they agreed to attend a similar special event, they had...
Use Figure 17.2 to explain why cost minimization through a tangency between an isoquant and a budget line does not apply in cases where D and M are either perfect complements or perfect substitutes....
What risks and perils are present in global transportation? Discuss how exporters and importers can manage these risks.
Mitch Jackson and Rosie Punter are part of the audit team for Hexagon Industries, a large manufacturing, private company client. The clients year-end was December 31, 2022, the end of fieldwork date...
Let x represent the weight of a students school bag. Determine whether the random variable x is discrete or continuous. Explain.
The Marietta Corporation, a large manufacturer of mufflers, tailpipes, and shock absorbers, is currently carrying out its financial planning for next year. In about two weeks, at the next meeting of...
Evaluate the challenges and strategies associated with implementing quality control in complex, global supply chains, considering the impact of multi-tier suppliers, geographical dispersion, and...
Factor the polynomials. 8x 3 + 27
Let f (x) = x/(x 2 - 1), g(x) = (1 - x)/(1 + x), and h(x) = 2/(3x + 1). Express the following as rational functions. f (x) - g(x + 1)
Let (x) = -3x + 4 and g(x) = -x 2 + 4x + 1. Find the following. (p)
In the clover butterfly, males are always yellow, but females can be yellow or white. In females, white is a dominant allele. Two yellow butterflies were crossed to yield an F1 generation consisting...
Three errors have been found in the records of T O Dorrigo and require correction by general journal. a The purchases account was used in error when a new photocopier (office equipment) was purchased...
In chickens, some varieties have feathered shanks (legs), but others do not. In a cross between a Black Langshan (feathered shanks) and a Buff Rock (unfeathered shanks), the shanks of the F1...
Lets suppose you were looking through a vial of fruit flies in your laboratory and noticed a male fly with pink eyes. What crosses would you make to determine if the pink allele is an X-linked gene?...
Summer squash exist in long, spherical, or disk shapes. When a true-breeding long-shaped strain was crossed to a true-breeding disk-shaped strain, all of the F1 offspring were disk-shaped. When the...
A ten-year promissory note for $1750 dated May 1, 2013, bearing interest at 4% compounded semi-annually is discounted on August 1, 2019, to yield 6% compounded quarterly. Determine the proceeds of...
Interview managers at three companies in your area about their use of ERP. How have their experiences been similar? What accounts for the similarities and differences?
(a) Suppose a = b = 1 in the Gompertz differential equation(7). Since the DE is autonomous, use the phase portrait concept of Section 2.1 to sketch representative solution curves corresponding to the...
Two chemicals A and B are combined to form a chemical C. The rate, or velocity, of the reaction is proportional to the product of the instantaneous amounts of A and B not converted to chemical C....
Solve Problem 9 if 100 grams of chemical A is present initially. At what time is chemical C half formed? Data from problem 9 Two chemicals A and B are combined to form a chemical C. The rate, or...
How many years must you wait for your $4,500 investment to grow to $7,700 if you invest at 5 percent per year (compounding annually)?
Provide two positive and two negative perceptions of unionization from a leadership perspective.
What's the correct amounts for "A" and "C" respectively? A Company purchased a used automobile for $12,000 and estimates the salvage value of the automobile is $1,000. The company estimates the...

A catering company estimates that, if it has x customers in a typical week, its expenses will

Question:

Step by Step Answer:

a The company will ...View the full answer

Calculus And Its Applications

Students also viewed these Mathematics questions