The profit function in Fig. 19. The point (2500, 52,500) is the highest point on the graph
Question:
The profit function in Fig. 19.
The point (2500, 52,500) is the highest point on the graph of the function. What does this say in terms of profit versus quantity?
Transcribed Image Text:
52,500 y y = P(x) 2500 Figure 19 A profit function. x
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
The greatest p...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
Question Posted:
Students also viewed these Mathematics questions
-
This case involves the variables shown here and described in data file SHOPPING. Information like that gained from this case could provide management with useful insights into how two or more...
-
Every summer, the touring company America by Bicycle conducts the Cross Country Challenge, a 7-week bicycle journey across the United States from San Francisco, California, to Portsmouth, New...
-
The function f (r), which gives the cost (in cents) of constructing a 100-cubic-inch cylinder of radius r inches. The graph of f (r) is shown in Fig. 16. Interpret the fact that the point (3, 162) is...
-
Find the extreme values of (x, y) = x 2 + 2y 2 subject to the constraint g(x, y) = 4x 6y = 25. (a) Show that the Lagrange equations yield 2x = 42, 4y = -62. (b) Show that if x = 0 or y = 0, then the...
-
Jay Beck works for the AAZ Consulting Firm. His friend, Hank Henley, is the general manager and majority stockholder of the Pacific World- winds, a professional football team. Hank asked Jay to...
-
The bank portion of the bank reconciliation for Langer Company at November 30, 2022, was as follows. The adjusted cash balance per bank agreed with the cash balance per books at November 30. The...
-
Using random digit dialing, researchers asked 1090 U.S. adults their level of education. Identify the sampling technique used, and discuss potential sources of bias (if any). Explain.
-
(Multiple Choice) 1. On July 14, JX Corporation exchanged 1,000 shares of its $8 par value common stock for a plot of land. JXs common stock is listed on the NYSE and traded at an average price of...
-
Problem 1: Spitz Dairy (Joint Costs) Spitz Dairy produces 3 different products: Butter, Cheese and Whey from Milk. The cost of Milk is $1.5 per gallon and one gallon of Milk yields 0.5 pounds of...
-
Use the laws of exponents to simplify the algebraic expressions. (x + 1)4
-
Sketch the graph of f (x) = (x - 1) 2 + 2 without using a graphing calculator. Check your result with a graphing calculator.
-
Excel Electronics Company, a privately held enterprise, has a subcontract from a large aerospace company in Chicago. Although Excel was a low bidder, the aerospace company was reluctant to award the...
-
We have five observations on \(x\) and \(y\). They are \(x_{i}=3,2,1,-1,0\) with corresponding \(y\) values \(y_{i}=4,2,3,1,0\). The fitted least squares line is \(\hat{y}_{i}=1.2+0.8 x_{i}\), the...
-
This problem is related to Problem 8. Jeff has $10,000 to invest for a period of 5 years. The following three alternatives are available at his bank: Data from problem 8 Jeff has $10,000 to invest...
-
Consider the weekly sales (number of cans) of a national brand of canned tuna (SAL1 = target brand sales) as a function of the ratio of its price to the price of a competitor, RPRICE3 = 100 (price of...
-
It Hold your upper arm vertical and your lower arm horizontal with your hand palm-down on a table, as shown in Figure P8.14. If you now push down on the table, you'll feel that your triceps muscle...
-
An investor has \($100,000\) to invest in a business venture, or she can earn 10 percent/year with a \($100,000\) certificate of deposit for 4 years. Three possible business ventures have been...
-
In what period of time will money triple at 10% compounded semi-annually?
-
What kind of financial pressures can an LBO cause?
-
A recent study from Nielsen (available from nielsen.com; search for The Cross-Platform Report) took a sample to investigate how video on demand and other subscription-based services (such as Netflix,...
-
In 2014, news reports worldwide alleged that the U.S. government had hacked German chancellor Angela Merkels cell phone. A Pew Research Center survey of German citizens at about that time asked...
-
The Google Play app store for smartphones offers hundreds of games to download for free or for a small fee. The ones for which a fee is charged are called paid games. For a random sample of five paid...
-
How can organizations foster a culture of diversity, equity, and inclusion within teams, proactively addressing systemic biases and promoting equitable access to opportunities for professional growth...
-
Simplify x + -5 x
-
Simplify: 49m6.
Study smarter with the SolutionInn App