The total profit (in dollars) from the sale of x skateboards is P(x) = 30x - 0.3x2
Question:
The total profit (in dollars) from the sale of x skateboards is
P(x) = 30x - 0.3x2 - 250 0 ≤ x ≤ 100
(A) Find the exact profit from the sale of the 26th skateboard.
(B) Use marginal profit to approximate the profit from the sale of the 26th skateboard.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Px 30x 03x 2 250 Ans A x26 P26 3...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
Question Posted:
Students also viewed these Mathematics questions
-
The total profit (in dollars) from the sale of x calendars is P(x) = 22x - 0.2x2- 400 0 x 100 (A) Find the exact profit from the sale of the 41st calendar. (B) Use the marginal profit to...
-
The total profit (in dollars) from the sale of x cameras is P(x) = 12x - 0.02x2 - 1,000 0 x 600 Evaluate the marginal profit at the given values of x, and interpret the results. (A) x = 200 (B) x =...
-
The total profit (in dollars) from the sale of x gas grills is P(x) = 20x - 0.02x2 - 320 0 x 1,000 (A) Find the average profit per grill if 40 grills are produced. (B) Find the marginal average...
-
Let v = (2, 5) and w = (3, 2). Find the length of v + w.
-
Does economic theory prove that the free market system is best? Why?
-
1. Develop a business profile for Original Kayak Adventures. The profile should include information about OKAs business activities, organization, resources, customers, and potential opportunity to...
-
A stock price \(S\) is governed by where \(z\) is a standardized Wiener process. Find the process that governs dS as dt +bs dz.
-
In 1985, Lincoln Limited completed the construction of a building at a cost of $ 1.8 million; it occupied it in January 1986. It was estimated that the building would have a useful life of 40 years...
-
Below is the Unadjusted Trial Balance for Allan dated December 3 1 , 2 0 1 9 : Allan Castillo Unadjusted Trial Balance 3 1 - Dec - 1 9 Account Name Debits Credits Cash 3 2 , 8 0 0 . 0 0 Accounts...
-
Marine scientists who study dolphin communication have discovered that bottlenose dolphins exhibit an individualized whistle contour known as their signature whistle. A study was conducted to...
-
For a company that manufactures tennis rackets, the average cost per racket C is where x is the number of rackets produced per hour. What will the approximate change in average cost per racket be if...
-
In Problem find the indicated quantities for y = f(x) = x 2 + x. y and dy for x = 1, x = dx = 0.2.
-
"Nutraceuticals" are products that are believed to have some beneficial effect but are not strictly defined as either food or drug. Why might an individual suffering from osteoarthritis be tempted to...
-
An investor owns 10,000 shares of a particular stock. The current market price is $80. What is the worstcase value of the portfolio in six months? For the purposes of this question, define the...
-
If the government offers vouchers to students and values them so that the efficient number of students will enroll, what is the value of the voucher? Use the following information to work Problems 5...
-
If the government subsidizes colleges so that the efficient number of students will enroll, what is the cost to taxpayers? Use the following information to work Problems 5 to 7. The marginal cost of...
-
Max Computer Center incurred the following casualty and theft losses in 2019: Compute the casualty and theft loss for each item listed. Event a. b. C. a. b. = C 11 Robbery-Equip. Fire-Truck...
-
Smith Properties is a real estate partnership that focuses on the acquisition and management of commercial and residential real estate in the Southwestern United States. Edna Zapata has been a...
-
Using bromocyclohexane as a starting material, how could you synthesize the following compounds? CH3 COOH CH3 a. C. e. CI CH2OH CH CH OH b. d. f. CH2CH3
-
In Problems, solve each system of equations. x + 2y + 3z = 5 y + 11z = 21 5y + 9z = 13
-
Refer to Exercise 7.49. a. Determine the distribution of X + Y. b. Determine the mean and variance of X + Y. c. Does your answer to part (b) equal the answer to Exercise 7.49? In exercise 7.49 The...
-
Refer to Exercise 7.49. Compute the covariance and the coefficient of correlation. In exercise 7.49 The bivariate distribution of X and Y is described here. a. Find the marginal probability...
-
Refer to Exercise 7.49. Use the laws of expected value and variance of the sum of two variables to compute the mean and variance of X + Y . In exercise 7.49 The bivariate distribution of X and Y is...
-
Non-liquidating distributions can be dividends, return of capital, or capital gain income to a shareholder. What type of distribution would be capital gain?
-
TranscribedText: Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Complete the table under the current cost system. (Round your intermediate calculations and final answers to 2 decimal places. Negative...
-
Anton's Fresh Fish and Produce is a wholesale distributor that operates in central Florida. An analysis of two of the company's customers, Seaside Spa and Sigma Assisted Living, reveals the data that...
Study smarter with the SolutionInn App