Answer:
The total revenue is
.
The marginal revenue is
.
The fixed cost is $900.
The marginal cost function is
.
Step-by-step explanation:
The Total Revenue (
) received from the sale of
goods at price
is given by

The Marginal Revenue (
) is the derivative of total revenue with respect to demand and is given by

From the information given we know that the price they can sell cakes is given by the function
, where
is the number of cakes sold per day.
So, the total revenue is

And the marginal revenue is

The Fixed Cost (
) is the amount of money you have to spend regardless of how many items you produce.
The Marginal Cost (
) function is the derivative of the cost function and is given by

We know that the total cost function of the company is given by
, which it is equal to

From the total cost function and applying the definition of fixed cost, the fixed cost is $900.
And the marginal cost function is

Simplifying
3a + 2b + c = 26
Solving
3a + 2b + c = 26
Solving for variable 'a'.
Move all terms containing a to the left, all other terms to the right.
Add '-2b' to each side of the equation.
3a + 2b + -2b + c = 26 + -2b
Combine like terms: 2b + -2b = 0
3a + 0 + c = 26 + -2b
3a + c = 26 + -2b
Add '-1c' to each side of the equation.
3a + c + -1c = 26 + -2b + -1c
Combine like terms: c + -1c = 0
3a + 0 = 26 + -2b + -1c
3a = 26 + -2b + -1c
Divide each side by '3'.
a = 8.666666667 + -0.6666666667b + -0.3333333333c
Simplifying
a = 8.666666667 + -0.6666666667b + -0.3333333333c
Answer:
y = 2/3x +6 for x< -3
y = 2/3x +1 for x> 3
Step-by-step explanation:
The graph is a line for x < -3
( - 6,2) and ( -3,4)
The slope is m= ( y2-y1)/(x2-x1)
m = ( 4-2)/(-3 - -6) = 2/ ( -3+6) = 2/3
The slope is 2/3
Using point slope form
y-y1 = m(x-x1) and the point ( -6,2)
y -2 = 2/3(x - -6)
y -2 = 2/3(x +6)
y-2 = 2/3 x +4
y = 2/3x +6 x< -3
The graph is a line for x > 3
(3,3) and ( 6,5)
The slope is m= ( y2-y1)/(x2-x1)
m = ( 5-3)/(6-3) = 2/ (3) = 2/3
The slope is 2/3
Using point slope form
y-y1 = m(x-x1) and the point (6,5)
y -5 = 2/3(x - 6)
y-5 = 2/3 x -4
y = 2/3x +1 x> 3
Answer:
-18
Step-by-step explanation:
A is at -30. AE = 12
So, E is -30+12 = -18
Answer: $15.00 per person.
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Explanation:
______________________________
Given that there are "4 people" (that is, "Kianna and three friends");
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and a total of "$58.49" ; to be divided equally among 4 (four) people;
______________________________
we are asked to <em><u>estimate</u></em> the amount that EACH person will pay.
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For an <em><u>ESTIMATE</u></em>, $58.49 is ABOUT $60.00; or "60 dollars". ;
and (60 dollars) / 4 = 15 dollars {$15; or $15.00}.
60/4 = 15; or 60/4 = (60÷2)/(4÷2) = 30/2 = 15.
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