Question: An express train runs between two cities has a cost function that is estimated by TC = 100P - 64P 2 + 4P3 Where P

An express train runs between two cities has a cost function that is estimated by

TC = 100P - 64P

2

+ 4P3

Where P indicates the number of passengers per day. Find the number of passengers per

day that minimizes the average cost.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Discuss and provide Detailed Explanations and references to the following questions. Answer only if you are SURE . (a) Explain the advantages and disadvantages of the high-low method of cost...

Q:

Eg.1: Kara and James are both training for a marathon. Kara's house is located 35 km north of James house. At 6:00 a.m. on a Monday morning, Kara leaves her house and jogs South at 1 1 km/h. At the...

Q:

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...

Q:

please provide answers to questions 8, 9,10 Denver International Airport BACKGROUND How does one convert a $1.2 billion project into a $5.0 billion project? It's easy. Just build a new airport in...

Q:

Chapter 1 Location \"Location, Location, Location!\" Chapter Objectives On completion of this chapter the reader will understand: The influence that location has on occupancy The relationship between...

Q:

I have attached the question. I will post student question when I receive one later. Chapter 2, Customer Behavior and 3, Segmentation of textbook can also be used. Marketing Management: MKT500 Week 1...

Q:

Uber Case History Founded in 2009 by Garrett Camp and Travis Kalanickas "UberCab", met at LeWebin Paris, France in 2008. Camp wanted to solve the Taxi problem in San Francisco. Original pitch split...

Q:

Need to give a few strategic decisions for the Role of VP- R&D - Tesla case study ESE Business School IES865 University of Navarra September 2021 Tesla in the 2020s: Moment of Truth for the "Master...

Q:

few strategic decisions for the Role of VP- Research & Development - Tesla Case study ESE Business School IES865 University of Navarra September 2021 Tesla in the 2020s: Moment of Truth for the...

Q:

QUESTION 1 For barter to occur there must be a double coincidence of wants for each good to be exchanged. one person who pays cash. two people willing to pay with credit. hyperinflation. 1.11 points...

Q:

Finding the mean, median, and mode of the following data. (Give your answer to one decimal places if necessary.) Hours Spent Playing Video Games on Weekends Number of students 10 20 10 2 D 10 15...

Q:

Part 1 Lease Payments Tied to An Index Bronx Company enters into an agreement with Brooklyn Company to lease office space for a term of 60 months. Lease payments during the first year of the lease...

Q:

Find all hazards in this circuit. static 1 - hazard: 0 0 0 1 1 0 0 1 ; static 0 - hazard: 0 0 1 0 1 0 1 0 ; potential dynamic hazards: 0 0 0 0 1 0 0 0 , 0 0 1 1 1 0 1 1 ; dynamic hazard: 0 0 0 0 1 0...

Q:

Questo 45 Question 43 0.5 points Creative Shoes, a company that manufactures formal shoes for men and women offers to its customers 510 for an old pair of shoes when they war in een reducing the...

Q:

Technology

Q:

Population

Q:

The feeling of boredom.