The corn yield on a certain farm is Y = 0.118x 2 + 8.5x + 12.9 (bushels
Question:
The corn yield on a certain farm is Y = −0.118x2 + 8.5x + 12.9 (bushels per acre) where x is the number of corn plants per acre (in thousands). Assume that corn seed costs $1.25 (per thousand seeds) and that corn can be sold for $1.50/bushel. Let P(x) be the profit (revenue minus the cost of seeds) at planting level x.
(a) Compute P(x0) for the value x0 that maximizes yield Y.
(b) Find the maximum value of P(x). Does maximum yield lead to maximum profit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
a Let Y 0118x 85x 129 Then Y 0236x 85 0 when 85 0236 Xo Because Y 0236 0 ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
On January 12, 2010, Supervalu, Inc., announced it was planning to reduce the number of different items it carries in its inventory by as much as 25 percent. Supervalu is one of the largest grocery...
-
You have a liability of $100,000 that is due in four years. In order to hedge against interest rate risk, you must use a portfolio with a similar duration using a 5-year zero-coupon bond and a 3-year...
-
According to the Lindeman criterion, a crystal melts when the RMS dis- placement of its atoms exceeds one-third of the average separation of the atoms. Consider a three-dimensional crystal with...
-
Using examples outline the main advantages and disadvantages of one of the following models of corporate governance: i) The principal/agent model ii) The stakeholder mode
-
Sanchez Co. has zero units of beginning work in process. During the period, 12,000 units were completed, and there were 500 units of ending work in process one-fifth complete as to conversion cost...
-
You are given the following information for Golden Fleece Financial: Long-term debt outstanding: .......................$300,000 Current yield to maturity (r debt): ................... 8% Number of...
-
Use the Lucenay Interiors data from Problem 16-42B. Requirements 1. Prepare Lucenay Interiors' income statement for the year ended December 31, 2008. Use the single-step format, with all revenues...
-
Do you agree or disagree with the basic assumptions of Herzbergs dual-structure theory? Why?
-
Johnstone Brewers Inc. uses the FIFO method in its process costing system. The concern the operations of the company's first processing department for a recent Work in process, beginning: Units in...
-
Draw the graph of a function for which ' and " take on the given sign combinations in order. +, , +
-
A rectangular open-topped box of height h with a square base of side b has volume V = 4 m 3 . Two of the side faces are made of material costing $40/m 2 . The remaining sides cost $20/m 2 . Which...
-
The table shows several points on the graph of a linear function. Work in order, to see connections between the slope formula, distance formula, midpoint formula, and linear functions....
-
How would you describe yourself as a leader? What do you base your leadership approach upon? What approaches? Mentors? Practices? Traditions? (please include references in APA 7th edition format) Why...
-
K Subtract as indicated. x+2x x-4 x-x-6x-x-6 x + 2x x-4 2 - x-x-6 x-x-6 (Simplify the answer. Leave the result in factored form.)
-
Let A be an array of n integers. The frequency of a in A is the number of times a appears in A . For instance, if A = [ 0 , 2 , 0 , 1 , 3 , 3 , 1 , 0 , 5 ] , elements { 2 , 5 } have frequency one,...
-
A 4 kg box is moving at 6 m/s NORTH. It strikes a 7 kg box that is moving WEST at 2 m/s. The box's have a completely inelastic (stick together) collision. The speed of the combined object after the...
-
Suppose that the energy a wind turbine (WT) can produce before it fails for repair is exponentially distributed with an average value of 100 MWh (note that: IMWh-10 Watt-hour, for instance a 50W PC...
-
Obtain the areas of the 254 counties in Texas via a link to a Texas census report at www.pearsonhighered.com/rufus. Copy and paste this data into an Excel spreadsheet, then perform the following...
-
Recall that Chapter 8 described the binary search algorithm for finding a particular entry in an ordered list. The idea behind binary search is to begin looking in the exact center of the list. If...
-
A regular polygon P of 2n sides is inscribed in a circle of radius r. (a) Find the volume of the solid obtained when P is revolved about one of its sides. (b) Check your answer by letting n .
-
Let f be a nonnegative continuous function on [0,1]. (a) Show that (b) Use part (a) to evaluate xf(sin x) dx = (n/2) | f(sin x) dx. x sin x cos x ax.
-
Let 0 f(x) g(x) for all x in [0, 1], and let R and S be the regions under the graphs of f and g, respectively. Prove or disprove those yR yS.
-
solve log x-(log x)=-3
-
Divide. 25 -11y u + 15yu -3y us Simplify your answer as much as possible.
-
Question 1)Determine whether the set is a vector space. If it is not, identify at least one of the ten vector space axioms that fails. a) The set of all 2 2 matrices of the form [a b] C b) The set...
Study smarter with the SolutionInn App