Question: Let p =(21-4 x ) 2 for 0 x 3 be the price at which x hundred units of a certain commodity will be sold,

Letp=(21-4x)²for 0 x 3 be the price at whichxhundred units of a certain commodity will be sold, and letbe the revenue obtained from the sale of thexunits. For what level of production is revenue maximized?

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 Mathematics Questions!

Let p = (10 3x) 2 for 0 x 3 be the price at which x hundred units of a certain commodity will be sold, and let R(x) = xp(x) be the revenue obtained from the sale of the x units. Find the marginal...

Math 122 Exam 1 Review Name: __________________________ 1. From the following table, A. Find f(2) B. Find the value(s) of x for which f ( x) 1 . If there is more than one, list them in increasing...

The supply function ps(x) for a commodity gives the relation between the selling price and the number of units that manufacturers will produce at that price. For a higher price, manufacturers will...

Question 1 0/6 pts ) 4 99 0 Details For the given cost function C(a) = 40000 + 600x + x find: a) The cost at the production level 1550 b) The average cost at the production level 1550 c) The marginal...

GSB420 Class 2 Optimization Homework NAME _____________________ I. Optimization A leasing office has 200 apartments to rent. If they rent X apartments, their monthly profit (P), in dollars, is given...

eco9 Read Case 5-1: Netflix on pages 181-182. Complete one of the following for your original post. Responses to peers can include additional examples from personal experience, additional support for...

be organizee slove the problem step by step show work and please try to in a paper Problem Set 3 Due date: 09/20/2023 (11:59 PM) Problem 5. Problem 1. (a) What is the distance d between the points...

question 9 Under New production facility New Break-even New Year 4 6.000 Units Sales Revenue NOI -0- b) Assume TrueBeat sells the same units as planned for Year 4 in the new plant, calculate the new...

rt On January 10th, 2022 Penny and Nicole entered into a single futures contract for May deliver of crude oil (Ticker CLK2, or CLK22.NYM). Penny took a short position and Nicole took a long position....

@ Question 3 v Given the given cost function C(z) = 8850 + 620z + 0.2z and the demand function p(z) = 1860. Find the production level that will maximize profit. @ Question 4 v A baseball team plays...

The budgets of four companies yield the following information: Requirements 1. Fill in the blanks for each missing value. (Round the contribution margin to the nearest cent.) 2. Which company has the...

For axial flow through a circular tube, the Reynolds number for transition to turbulence is approximately 2300 [see Eq. (6.2)], based upon the diameter and average velocity. If d = 5 cm and the fluid...

ASK YOUR TEACHER Consider the following function. f ( x ) = x 3 - 3 x 2 - 6 x 5 Find the first and second derivatives. f ' ( x ) = f ' ' ( x ) = Find any values of c such that f ' ' ( c ) = 0 . (...

Match each function with its graph. Click on a graph to make it larger 1. 7 1.2= 4 sin(z +y) ?3.z-4 cos(/+v) ? 6.z (4r + 2y)e

1. Consider the PDE Ux + yuy = V1 u? on R. (a) Is the PDE linear or nonlinear? What is its order? (1 points) (b) Write down the full set of characteristic equations for this PDE and sketch a few...

A S0.0 mt ample wt 0,04 M CCHycoOR ie tiuated with a.040 M aol. hat the pf of the eolution after 30.0 nt of NaoH have beei added to the atid IK-1.3 10 4.94 4.02 3.95

Preparing Journal Entries to Record Issuance of Bonds at face Value, Payment of Interest, and Early Retirement. On January 1, 2010, Innovative Solutions, Inc., issued $200,000in bonds at face value....

(a) List the features of organizations that would find ABC particularly useful for product costing. (b) Briefly explain the reasons why ABC is particularly suitable in a modern business environment...

A pointer holds a memory address.

The expert rule: We have more confidence in information presented by someone who is an expert in the field than by someone who is not.

How easy the information is to remember

The personal characteristics of the sender