1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Volgvan
1 year ago
12

If the price charged for a candy bar is p cents, then x thousand candy bars will be sold in a certain city, where p = 8 - . how

many candy bars must be sold to maximize revenue?
Business
1 answer:
coldgirl [10]1 year ago
6 0

992 candy bars must be sold to maximize revenue.

<h3>What is revenue?</h3>
  • The total amount of income generated by the sale of goods and services related to the primary operations of the business is referred to as revenue in accounting.
  • Commercial revenue is also known as sales or turnover.
  • Some businesses make money by charging interest, royalties, or other fees.

To find how many candy bars must be sold to maximize revenue:

The price of a candy bar is determined by the quantity sold:

  • p(x) = 124 - (x/16) where x is in 1000s.

If the candy bar's price is p(x), the revenue function is:

  • R(x) = p(x) · x = 124 · x - x²/16

Find the solution of R'(x) = 0 to maximize R(x):

  • R'(x) = 124 - x/8
  • 124 -  x/8 = 0
  • x = 992

Therefore, 992 candy bars must be sold to maximize revenue.

Know more about revenue here:

brainly.com/question/25623677

#SPJ4

The correct question is given below:
If the price of a candy bar is p(x) cents then x thousand candy bars are sold. The price p(x) = 124-(x/16). How many candy bars must be sold to maximize revenue?

You might be interested in
How can networking with friends colleagues or members of an organization helping to get to where you want to be
storchak [24]
It gives you a map so that you can find where u are going
3 0
3 years ago
Investors expect that Amalgamated Aircraft Parts, Inc. will pay a dividend of $2.50 in the coming year. Investors requirea 12% r
ELEN [110]

Answer:

$50

Explanation:

Dividend discount model (DDM) is used to calculate intrinsic value of a stock. Since the dividends are expected to grow indefinitely, the formula will be as follows;

Price (P0) = D1 / (r-g)

where D1 = Next year's dividend = 2.50

r = required rate of return = 12% or 0.12 as a decimal

g = dividend growth rate = 7%

Price (P0) = 2.50/(0.12-0.07)

P0 = 2.50 /0.05

P0 = $50

5 0
3 years ago
Julio is the owner of Party Time, Inc., a small party supply company. The company provides tents, tables, chairs, and related pa
BartSMP [9]
True ....................
4 0
3 years ago
In the context of the​ firm's supply​ curve, as the firm produces more of a​ good, the cost of producing each additional unit ▼
klemol [59]

Answer: As the firm produces more of a good, the cost of producing each additional unit increases this implies that the marginal cost of producing a good increases as it makes more of that good.

Explanation: Marginal cost of a producer refers to the addition in total cost when one more unit of a good is produced.

It is given by MC=\frac{Change in TC} {Change in Output}

Refers to the following situations,

MC increases when adding output increases TC or Total Cost

MC decreases when adding output decreases TC

MC remains constant when adding output does not change TC

The supply curve of the firm is an upward sloping curve, which shows that quantity increases as price increases.

So, in relation to this, it means that MC will also increase as quantity increases.

7 0
3 years ago
1. The Barberton Municipal Division of Road Maintenance is charged with road repair in the city of Barberton and the surrounding
77julia77 [94]
I don’t really know. But I think it’s b
7 0
3 years ago
Other questions:
  • Table 13-8 quantity of output fixed cost variable cost 0 $20 $0 1 $20 $10 2 $20 $40 3 $20 $80 4 $20 $130 5 $20 $200 6 $20 $300 r
    13·1 answer
  • A city government imposes a proportional income tax on all people who earn income within its city limits. In​ 2004, the​ city's
    14·1 answer
  • Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbro
    6·1 answer
  • An agreement between the owner of a brand and another company or individual who pays a royalty for the use of the brand in assoc
    13·1 answer
  • A stock brokerage firm is a licensed financial institution that select one:
    10·1 answer
  • Assume that the 4K and OLED television sets industry is perfectly competitive. Suppose a producer develops a successful innovati
    5·1 answer
  • Thompson argues that civil liberties thrive only when the public demands them and understands that they are at risk of losing th
    11·1 answer
  • Allocative efficiency occurs:
    5·1 answer
  • Here is the accounting equation for Sam's auto parts $18,000= $12,000 +$6,000 The owner withdrew $1,500 for personal use. Write
    10·1 answer
  • Sally bought 200 shares of stock in a clothing manufacturer 4 years ago. She paid $23.45 per share. She just sold all of her sha
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!