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Scorpion4ik [409]
3 years ago
13

Country Motorbikes Incorporated finds that it costs $400 to produce each motorbike, and that fixed costs are $1600 per day. The

price function is p(x) = 700 − 5x, where p is the price (in dollars) at which exactly x motorbikes will be sold. Find the quantity Country Motorbikes should produce and the price it should charge to maximize profit. Also find the maximum profit.my equation for profit keeps on giving me a wrong answerquantity = 30price = 550profit =_________ ?
Mathematics
1 answer:
faltersainse [42]3 years ago
8 0

Answer:

30units,2900

Step-by-step explanation:

Given that Country Motorbikes Incorporated finds that it costs $400 to produce each motorbike, and that fixed costs are $1600 per day.

The price function is p(x) = 700 − 5x, where p is the price (in dollars) at which exactly x motorbikes will be sold.

If x units are produced and sold we have

Costs for x units = variable costs *x +Fixed costs = 400x+1600

Sales revenue = no of units sold * price = x(700-5x) = 700x-5x^2

Profit funciton = P(x) = Sales revenue - Total cost

= 700x-5x^2-400x-1600\\=300x-5x^2-1600

To get maximum profit we use derivative test I derivative =0 and II derivative =negative

P'(x) = 300-10x\\p"(x) = -10

Producing 30 units will maximize the profit.

Max profit

=P(30) = 2900

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Answer:

Step-by-step explanation:

Alright, lets get started.

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Hope it will help :)

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Step-by-step explanation:

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2 years ago
How many hundreds does 4 thousands equal
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3 years ago
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3 years ago
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You are situated 300 feet from the base of Tower Glitz Plaza watching an external elevator descend down the side of the building
nordsb [41]

Answer:

18.66 ft/s

Step-by-step explanation:

The distance between you and the elevator is given by:

h=\sqrt{x^2+y^2}

The rate of change for the distance between you and the elevator is given by:

\frac{dh}{dt}=\frac{dh}{dy}*\frac{dy}{dt}

-16=\frac{dh}{dy}*\frac{dy}{dt}

\frac{dh}{dy}=\frac{d}{dy} (\sqrt{x^2+y^2})\\

Applying the chain rule:

u=x^2+y^2\\\frac{dh}{dy}=\frac{d\sqrt u}{du} *\frac{du}{dy}\\\frac{dh}{dy}=\frac{1}{2\sqrt u} *2y\\\frac{dh}{dy}=\frac{y}{\sqrt {(x^2+y^2)}}

Therefore, at x=300 and y = 500, dy/dt is:

-16=\frac{y}{\sqrt {(x^2+y^2)}}*\frac{dy}{dt}\\-16=\frac{500}{\sqrt {(300^2+500^2)}}*\frac{dy}{dt}\\\frac{dy}{dt}=-18.66\ ft/s

The elevator is descending at 18.66 ft/s.

7 0
3 years ago
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