Round to the nearest thousand 7529

QUESTION 3 [10 MARKS] A bakery finds that the price they can sell cakes is given by the function p = 580 − 10x where x is the nu

Harman [31]

Answer:

(a)Revenue function, $R(x)=580x-x^2$

Marginal Revenue function, R'(x)=580-2x

(b)Fixed cost =900 .

Marginal Cost Function=300+50x

(c)Profit, $P(x)=-35x^2+280x-900$

(d)x=4

Step-by-step explanation:

Part A

Price Function $= 580 - 10x$

The revenue function

$R(x)=x\cdot (580-10x)\\R(x)=580x-x^2$

The marginal revenue function

$\dfrac{dR}{dx}= \dfrac{d}{dx}(R(x))=\dfrac{d}{dx}(580x-x^2)=580-2x\\R'(x)=580-2x$

Part B

(Fixed Cost)

The total cost function of the company is given by $c=(30+5x)^2$

We expand the expression

$(30+5x)^2=(30+5x)(30+5x)=900+300x+25x^2$

Therefore, the fixed cost is 900 .

Marginal Cost Function

If $c=900+300x+25x^2$

Marginal Cost Function, $\frac{dc}{dx}= (900+300x+25x^2)'=300+50x$

Part C

Profit Function

Profit=Revenue -Total cost

$580x-10x^2-(900+300x+25x^2)\\580x-10x^2-900-300x-25x^2\\$Profit,P(x)=-35x^2+280x-900$

Part D

To maximize profit, we find the derivative of the profit function, equate it to zero and solve for x.

$P(x)=-35x^2+280x-900\\P'(x)=-70x+280\\-70x+280=0\\-70x=-280\\$Divide both sides by -70\\x=4$

The number of cakes that maximizes profit is 4.

6 0

3 years ago

Which angles are adjacent to each other?

alexdok [17]

Answer:

(c). Angle 12 and 9

Step-by-step explanation:

7 0

3 years ago

Write the equation Help!!!

Dmitrij [34]

y = mx + b

where m is the slope and b is the y-intercept.

Here, the slope is -3/2 and the y-intercept is 5.

y = -3/2x + 5

3 0

2 years ago

Read 2 more answers

Enrollment is the ski/snowboard club increase by 30 percent this year. there are now 182 students in this club how many students

lbvjy [14]

127 students were in the club last year

7 0

3 years ago

Select True or False from each pull-down menu, depending on whether the corresponding statement is true or false.

Schach [20]

Answer:

1) FALSE

2) FALSE

3) TRUE

4) TRUE

Step-by-step explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

Part 1

The mean and standard deviation of a normally distributed random variable which has been standardized are one and zero, respectively.

The mean and the deviation for the normal standard distribution are:

$\mu=0, \sigma =1$

So then that's FALSE.

Part 2

Using the standard normal curve, the z−score representing the 10th percentile is 1.28.

We are looking for a value a, that satisfy this:

$P(X>a)=0.90$ (a)

$P(X$ (b)

We can find a z value that satisfy the condition with 0.10 of the area on the left and 0.90 of the area on the right it's z=-1.28. On this case P(Z<-1.28)=0.10 and P(Z>-1.28)=0.90

So that's FALSE.

Part 3

Let z1 be a z−score that is unknown but identifiable by position and area. If the symmetrical area between −z1 and +z1 is 0.9544, the value of z1 is 2.0

If we find this probability:

$P(-2.0< Z$

So on this case we can approximate to 0.9544. And that's TRUE.

Part 4

Using the standard normal curve, the z−score representing the 75th percentile is 0.67.

We are looking for a value a, that satisfy this:

$P(X>a)=0.25$ (a)

$P(X$ (b)

We can find a z value that satisfy the condition with 0.75 of the area on the left and 0.25 of the area on the right it's z=0.67. On this case P(Z<0.67)=0.75 and P(Z>0.67)=0.25

So that's TRUE.

3 0

3 years ago