Question: The profit function for a firm making widgets is P(x) =132x-x21800. Find the number of units at which maximum profit is achieved. X =

The profit function for a firm making widgets is P(x) =132x-x21800. Find the number of units at which maximum profit is achieved. X = units Find the maximum profit. $

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!

2 2. (a) Create a 3 x 3 matrix A such that the solution set to Ax = 4 is a plane. Show that your A gives 1 you a plane by expressing the solution set as a shift of a span of two vectors. (Hint: Use...

3. [l1 Points] DETAILS HARMATHAP12 2.3.003. MY NOTES PRACTICE ANOTHER If a company has total costs C(X) = 20,000 + 45x + 0.3x2 and total revenues given by R(x) = 495x 0.7x2, find the break-even...

You decide to start selling Stress Relief Aromatherapy Eucalyptus and Spearmint Candles. The label on the candle depicts a superhero who has a green shield in his left hand, a yellow bolt of...

[-/2 Points] DETAILS HARMATHAP12 2.3.012.MI. MY NOTES ASK YOUR TEACHER PRACTICE A The profit function for a firm making widgets is P(x) = 154x - x2 - 1800. Find the number of units at which maximum...

The profit function for a firm making widgets is P(x) = 88x - x 2 - 1200. Find the number of units at which maximum profit is achieved and find the maximum profit.

The monthly demand function for x units of a product sold by a monopoly is p = 5,700 - -xdollars, and its average cost is C = 3,040 + 2x dollars. Production is limited to 100 units. Find the revenue...

Step 4 We have determined that x = 73 will maximize the profit function. The demand function outputs the price per item associated with the number of units sold. The demand function for this problem...

1. [-/2 Points] DETAILS HARMATHAP12 2.2.031. MY NOTES ASK YOUR TEACHER The monthly profit from the sale of a product is given by P = 16x - 0.1x2 - 100 dollars. (a) What level of production maximizes...

1. The profit function for a certain commodity is P(x) = 110x - x2 - 1000. Find the level of production that yields maximum profit, and find the maximum profit? 2. The profit function for a firm...

Question 3 A juice making facility produced 50 tonnes of juice during the month of January 2011. With wear and tear, the amount of juice produced reduces by 1% each month. a) How many tonnes of juice...

Suppose company A has a stable stock price. The price is not likely to change much in the next year. Company B has an uncertain stock price: it could either rise or fall by a lot. Would you pay more...

Create three takeaways from your overall internship experience. What lessons have you learned that you will apply to your future? Share two of your favorite memories from your internship? Take one...

Hassle dash Free Web is bidding to provide web hosting services for Hotel Lisbon. Hotel Lisbon pays its current provider $ 1 0 comma 0 0 0 per year for hosting its web page, handling transactions,...

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

(Appendix; EFQM Award) Go to the EFQM Web site and find the case stud ies archive. Choose one of the companies listed for the past two years. Pre pare a synopsis of the company, and gather additional...

(Essay: balanced scorecard) Assume that you are in charge of University Physicians Social Service Agency, which provides counseling services to low- income families. The agencys costs have been...

HOW ARE THE NET PRESENT VALUE AND PROFITABILITY INDEX OF A PROJECT MEASURED? LO.1