Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an average of 750 hamburgers on game night. When the price was raised to $3.20, hamburger sales dropped off to an average of 400 per night. The concessionaire's fixed costs were $1,115.40 per night and the variable cost was $0.36 per hamburger. Answer the following questions (A) through (F). ... (A) Assume that the relationship between price p and demand x is linear. Express p as a function of x and find the domain of this function. 1 p= 500 The domain of p is 0x2,000. (Type a compound inequality.) (B) Find the revenue function in terms of x and state its domain. R(x) = -X+4 The total cost and the total revenue (in dollars) for the production and sale of x ski jackets are given by C(x) = 24x +9,750 and R(x) = 200x -0.4x for 0x500. (A) Find the value of x where the graph of R(x) has a horizontal tangent line. (B) Find the profit function P(x). (C) Find the value of x where the graph of P(x) has a horizontal tangent line. (D) Graph C(x), R(x), and P(x) on the same coordinate system for 0x500. Find the break-even points. Find the x-intercepts of the graph of P(x). (A) R(x) has a horizontal tangent line at x = 250. (B) The profit function P(x)= -0.4x + 176x-9750. (C) P(x) has a horizontal tangent line at x = 220. (D) Choose the correct graph of C(x), R(x), and P(x) graphed together. 25000- R(x) R(x) R(x) 25000- 25000- (x) C(x) 18750- 15750- A A A $750- 2 P(x) 9750- 5000+ P(x) 9750- 5000+ P(x) 250 250 250 9750- 5000- 0 500 B. What are the break-even points? A. (65,11310) and (319,18750) B. (65,11310) and (375,18750) C. (98,10631) and (319,16875) D. (130,12441) and (319,18750) E. (65,12441) and (319,21563) 0 The x-intercepts of the graph of P(x) occur at x = (Use a comma to separate answers as needed.) 500 0 X 500 Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an average of 750 hamburgers on game night. When the price was raised to $3.20, hamburger sales dropped off to an average of 400 per night. The concessionaire's fixed costs were $1,115.40 per night and the variable cost was $0.36 per hamburger. Answer the following questions (A) through (F). ... (A) Assume that the relationship between price p and demand x is linear. Express p as a function of x and find the domain of this function. 1 p= 500 The domain of p is 0x2,000. (Type a compound inequality.) (B) Find the revenue function in terms of x and state its domain. R(x) = -X+4 The total cost and the total revenue (in dollars) for the production and sale of x ski jackets are given by C(x) = 24x +9,750 and R(x) = 200x -0.4x for 0x500. (A) Find the value of x where the graph of R(x) has a horizontal tangent line. (B) Find the profit function P(x). (C) Find the value of x where the graph of P(x) has a horizontal tangent line. (D) Graph C(x), R(x), and P(x) on the same coordinate system for 0x500. Find the break-even points. Find the x-intercepts of the graph of P(x). (A) R(x) has a horizontal tangent line at x = 250. (B) The profit function P(x)= -0.4x + 176x-9750. (C) P(x) has a horizontal tangent line at x = 220. (D) Choose the correct graph of C(x), R(x), and P(x) graphed together. 25000- R(x) R(x) R(x) 25000- 25000- (x) C(x) 18750- 15750- A A A $750- 2 P(x) 9750- 5000+ P(x) 9750- 5000+ P(x) 250 250 250 9750- 5000- 0 500 B. What are the break-even points? A. (65,11310) and (319,18750) B. (65,11310) and (375,18750) C. (98,10631) and (319,16875) D. (130,12441) and (319,18750) E. (65,12441) and (319,21563) 0 The x-intercepts of the graph of P(x) occur at x = (Use a comma to separate answers as needed.) 500 0 X 500
Expert Answer:
Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
Posted Date:
Students also viewed these mathematics questions
-
The employees of the City of Raymond earn vacation compensation that totals $1,500 per week. During 2013, $30,000 in vacation time was taken and $48,000 is expected to be used during the latter part...
-
Table 1.3 contains Ladislaus von Bortkiewiczs data on deaths of soldiers in the Prussian army from kicks by army mules (Fisher 1934; Quine and Seneta 1987). The data refer to 10 army corps, each...
-
Sketch the graph of the function. y = e -x/2
-
The following probability model shows the distribution of murders by type of weapon for murder cases in 2013. Weapon Probability Handgun.................................0.472...
-
Tennessee just instituted a state lottery. The initial jackpot is $100,000. If the first week yields no winners, the next weeks jackpot goes up, depending on the number of previous players who placed...
-
Raster Imaging Company has a new management team that has developed an operating plan to improve upon last year's ROE. The new plan would place the debt ratio at 55 percent, which will result in...
-
For Amos Company, actual sales are $1,200,000 and break-even sales are $900,000. Compute (a) The margin of safety in dollars and (b) The margin of safety ratio.
-
Image transcription text Task 3: Calculating discomfort level for many pairs of (inertance, damping coefficient) The function calc_discomfort allows you to determine the discomfort level for each set...
-
A livestock producer is evaluating a $40,000 investment in a new feed storage and blending system. the producer believes that the equipment will add $10,000 per year to the cash flow of the business....
-
All of the following situations are acceptable for hedging EXCEPT Question 8 options: an investor with a concentrated portfolio. an investor who needs liquidity. an investor with a well-diversified...
-
The goal is to reduce wastefulness and develop a tight, efficient budget. The management team knows that this will take time, so they plan to allow more time and additional resources in the budget...
-
the consideration of sustainability and ethical practices in global finance is crucial for creating a more just and responsible financial system. How do you plan to apply your newfound knowledge and...
-
The portion of the purchase price that an investor must deposit with a brokerage firm is called the Question 7 options: initial margin. initial equity. margin call. all of these choices are correct....
-
A)What are the poor examples of globalization? Why? Provide an example of a Canadian Company that has not done well internationally. What are some of the methods for analyzing an industry and an...
-
In the following stoichiometric matrix for the simple network shown, fil in the blanks 5, 25 0 2 -1
-
What is beacon marketing? What are digital wallets?
-
If f (x) and g (x) are differentiable functions, such that f(1) = 2, f(1) = 3, f(5) = 4, g(1) = 5, g(1) = 6, g(2) = 7, and g'(5) = 8, find d dx -f(g(x)) x=1
-
Let f (x, y) = xy 2 + 5. Evaluate and interpret your result. af at (x, y) = (2,-1)
-
The area under the graph of the function e-x 2 plays an important role in probability. Compute this area from -1 to 1.
-
Explain how corporations provide limited liability to their owners.
-
Why do administrative agencies grow over time? Explain.
-
Explain the steps in the informal rulemaking process.
Study smarter with the SolutionInn App