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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?

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4 years ago
Read 2 more answers
Vijay Company reports the following information regarding its production costs. Direct materials $9.60 per unit Direct labor $19
solong [7]

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Unitary cost= $46.4 per unit

Explanation:

Giving the following information:

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Direct labor $19.60 per unit

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Variable overhead $9.60 per unit

Fixed overhead $121,600

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6 0
3 years ago
Investment X offers to pay you $4,020 per year for 12 years, whereas Investment Y offers to pay you $2,041 per year for 7 years.
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Answer:

$16,481.68

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Note that the present value of each yearly cash inflow can be determined using the formula provided below:

PV of cash inflow=cash inflow/(1+discount rate)^n

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PV of Investment X=$4,020/(1+11%)^1+$4,020/(1+11%)^2+$4,020/(1+11%)^3+$4,020/(1+11%)^4+$4,020/(1+11%)^5+$4,020/(1+11%)^6+$4,020/(1+11%)^7+$4,020/(1+11%)^8+$4,020/(1+11%)^9+$4,020/(1+11%)^10+$4,020/(1+11%)^11+$4,020/(1+11%)^12

PV of investment X=$26,099.27

PV of investment Y=$2,041/(1+11%)^1+$2,041/(1+11%)^2+$2,041/(1+11%)^3+$2,041/(1+11%)^4+$2,041/(1+11%)^5+$2,041/(1+11%)^6+$2,041/(1+11%)^7

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the difference in PV=$26,099.27-$9,617.59

the difference in PV=$16,481.68  

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