advertising its services by the function The total annual revenue R of a certain resort hotel...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
advertising its services by the function The total annual revenue R of a certain resort hotel is related to the amount of money x the hotel spends on R(x) = -0.004x³ +2.1x² + 4x + 9,500 (0 ≤ x ≤ 400) where both R and x are measured in thousands of dollars. (a) Find the interval where the graph of R is concave upward. (Enter your answer using interval notation.) Find the interval where the graph of R is concave downward. (Enter your answer using interval notation.) What is the inflection point of the graph of R? (x, R(x)) = (b) Would it be more beneficial for the hotel to increase its advertising budget slightly when the budget is $165,000 or when it is $185,000? Ⓒ$165,000 O $185,000 advertising its services by the function The total annual revenue R of a certain resort hotel is related to the amount of money x the hotel spends on R(x) = -0.004x³ +2.1x² + 4x + 9,500 (0 ≤ x ≤ 400) where both R and x are measured in thousands of dollars. (a) Find the interval where the graph of R is concave upward. (Enter your answer using interval notation.) Find the interval where the graph of R is concave downward. (Enter your answer using interval notation.) What is the inflection point of the graph of R? (x, R(x)) = (b) Would it be more beneficial for the hotel to increase its advertising budget slightly when the budget is $165,000 or when it is $185,000? Ⓒ$165,000 O $185,000
Expert Answer:
Answer rating: 100% (QA)
ANSWER a To determine the intervals where the graph of R is concave upward and concave downward we n... View the full answer
Related Book For
Managerial Economics Theory Applications and Cases
ISBN: 978-0393912777
8th edition
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
Posted Date:
Students also viewed these accounting questions
-
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...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Link Link Name Label Volume Link cost functions (x represents the link volume on link "A") Link Cost (travel time) Function (minutes) Link Travel Time x1 Peralta-J 1 x1 t1 t1 +1 Highway 2 Jeffords...
-
The adjusted trial balance of Silver Sign Company follows: Requirements 1. Assume Silver Sign Company has a January 31 year end. Journalize Silvers closing entries at January 31. 2. How much net...
-
In February, Brady contracted to construct a house for Fulghum for $106,850. Brady began construction on March 13. Neither during the negotiation of this contract nor when he began performance was...
-
write a page on global migration giving statistics and then focus on migration within Africa and then South Africa. Write reference?
-
A four-stroke, four-cylinder spark ignition engine has the following data : Piston diameter \(=100 \mathrm{~mm} ;\) Engine runs at a speed of \(800 \mathrm{rpm}\); Length of stroke \(=200...
-
Back Mountain Industries (BMI) has two divisions: East and West. BMI has a cost-of-capital of 15%. Selected financial information (in thousands of dollars) for the first year of business follows: a...
-
Briefly identify the problems in each of the five functional areas of HR --identify at least 1 problem that needs to be addressed in each of the five functional areas of human resources.
-
sounds coming from the north side of her three-story house. Toward the end of the second day, she examined the exterior of her house and noticed two large holes located near the roof. To inspect the...
-
Suppose, you are working in an organization as a network administrator. There is a virus attack on the organization's serva incoming traffic on the server. Write the necessary Linux commands to block...
-
Should government eliminate the Food and Drug Administrations role in restricting which drugs may be marketed? Why or why not?
-
Would a high tax on oil significantly reduce the total amount of pollution in the environment?
-
List five ways you are affected on a daily basis by government intervention in the market. For what reason might government be involved? Is that reason justified?
-
Assume that at PVF, each product (described by Product No., Description, and Cost) is composed of at least three components (described by Component No., Description, and Unit of Measure), and...
-
The places in the supply chain network where product is stored, assembled, or fabricated are known as facilities. inventory. transportation. information.
-
$ Gross pay for an employee who earns $13/hour, is paid overtime wages at 1.5 times their regular pay rate, and worked 42 hours this week is
-
What key concerns must functional tactics address in marketing? Finance? POM? Personnel?
-
The Mineola Corporation hires a consultant to estimate the relationship between its profit and its output. The consultant reports that the relationship is = 10 6Q + 5.5Q2 2Q3 + 0.25Q4 a. The...
-
Suppose the typical Florida resident has wealth of $500,000, of which his or her home is worth $100,000. Unfortunately, Florida is infamous for its hurricanes, and it is believed there is a 10%...
-
Roy Lamb has an option on a particular piece of land, and he must decide whether to drill on the land before the expiration of the option or give up his rights. If he drills, he believes that the...
-
The probabilities that a TV station will receive \(0,1,2,3, \ldots, 8\) or at least 9 complaints after showing a controversial program are, respectively,...
-
A rotary plug valve needs to be replaced to repair a machine, and the probabilities that the replacement will be a flange style (low pressure), flange style (high pressure), wafer style, or lug style...
-
The probability that a turbine will have a defective coil is 0.10, the probability that it will have defective blades is 0.15, and the probability that it will have both defects is 0.04. (a) What is...
Study smarter with the SolutionInn App