How old will you turn if your bday is oct 29 1990?

A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x)equals72 com

solmaris [256]

Answer:

Part (A)

1. Maximum revenue: $450,000

Part (B)

2. Maximum protit: $192,500

3. Production level: 2,300 television sets

4. Price: $185 per television set

Part (C)

5. Number of sets: 2,260 television sets.

6. Maximum profit: $183,800

7. Price: $187 per television set.

Explanation:

0. Write the monthly cost and price-demand equations correctly:

Cost:

$C(x)=72,000+70x$

Price-demand:

$p(x)=300-\dfrac{x}{20}$

Domain:

$0\leq x\leq 6000$

1. Part (A) Find the maximum revenue

Revenue = price × quantity

Revenue = R(x)

$R(x)=\bigg(300-\dfrac{x}{20}\bigg)\cdot x$

Simplify

$R(x)=300x-\dfrac{x^2}{20}$

A local maximum (or minimum) is reached when the first derivative, R'(x), equals 0.

$R'(x)=300-\dfrac{x}{10}$

Solve for R'(x)=0

$300-\dfrac{x}{10}=0$

$3000-x=0\\\\x=3000$

Is this a maximum or a minimum? Since the coefficient of the quadratic term of R(x) is negative, it is a parabola that opens downward, meaning that its vertex is a maximum.

Hence, the maximum revenue is obtained when the production level is 3,000 units.

And it is calculated by subsituting x = 3,000 in the equation for R(x):

R(3,000) = 300(3,000) - (3000)² / 20 = $450,000

Hence, the maximum revenue is $450,000

2. Part (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. 

i) Profit(x) = Revenue(x) - Cost(x)

Profit (x) = R(x) - C(x)

$Profit(x)=300x-\dfrac{x^2}{20}-\big(72,000+70x\big)$

$Profit(x)=230x-\dfrac{x^2}{20}-72,000\\\\\\Profit(x)=-\dfrac{x^2}{20}+230x-72,000$

ii) Find the first derivative and equal to 0 (it will be a maximum because the quadratic function is a parabola that opens downward)

Profit' (x) = -x/10 + 230

-x/10 + 230 = 0

-x + 2,300 = 0

x = 2,300

Thus, the production level that will realize the maximum profit is 2,300 units.

iii) Find the maximum profit.

You must substitute x = 2,300 into the equation for the profit:

Profit(2,300) = - (2,300)²/20 + 230(2,300) - 72,000 = 192,500

Hence, the maximum profit is $192,500

iv) Find the price the company should charge for each television set:

Use the price-demand equation:

p(x) = 300 - x/20

p(2,300) = 300 - 2,300 / 20

p(2,300) = 185

Therefore, the company should charge a price os $185 for every television set.

3. Part (C) If the government decides to tax the company $4 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set?

i) Now you must subtract the $4 tax for each television set, this is 4x from the profit equation.

The new profit equation will be:

Profit(x) = -x² / 20 + 230x - 4x - 72,000

Profit(x) = -x² / 20 + 226x - 72,000

ii) Find the first derivative and make it equal to 0:

Profit'(x) = -x/10 + 226 = 0

-x/10 + 226 = 0

-x + 2,260 = 0

x = 2,260

Then, the new maximum profit is reached when the production level is 2,260 units.

iii) Find the maximum profit by substituting x = 2,260 into the profit equation:

Profit (2,260) = -(2,260)² / 20 + 226(2,260) - 72,000

Profit (2,260) = 183,800

Hence, the maximum profit, if the government decides to tax the company $4 for each set it produces would be $183,800

iv) Find the price the company should charge for each set.

Substitute the number of units, 2,260, into the equation for the price:

p(2,260) = 300 - 2,260/20

p(2,260) = 187.

That is, the company should charge $187 per television set.

7 0

3 years ago

A shop in the mall is 8 yards by 12 yards. How much would it cost to recarpet the shop with carpet that costs $2.69 per square y

valentinak56 [21]

Answer:

Step-by-step explanation:

You will first have to find the area to find the price of each square yard.

Area is 8*12 = 96. Multiply this by 2.69.

It will cost 258.24 dollars to recarpet the shop.

Let me know if this helped

7 0

2 years ago

Read 2 more answers

Compare [3] and [ – 8|

mariarad [96]

Answer:

3 > -8

Step-by-step explanation:

-8 -7 -6 -5 -4 -3 -2 -1 0 1 2 3 ....

-8< 3

7 0

3 years ago

Consider the following equations: f(x) = 2x – 2 and g(x) = 5 - x

zysi [14]

Answer:

The difference in slopes of $f(x)\ and\ g(x)$ is = 3

We can say slope of $f(x)$ is positive and 3 more than slope of $g(x)$ while slope of $g(x)$ is negative.

Difference of y-intercepts of $f(x)\ and\ g(x)$ is = -7

We can say the y-intercept of $g(x)$ is positive and 7 units above $f(x)$ while y-intercept of $f(x)$ is negative.

Step-by-step explanation:

Given equation:

$f(x) =2x - 2$

$g(x) =5-x$

We need to find the difference of slopes and y-intercepts of the given equations.

The standard form of a slope intercept equation of line is given by:

$y=mx+b$

where $m$ represents slope and $b$ represents y-intercept of line.

Writing the given equations in standard form to find slope and y-intercept.

$f(x) =2x +(-2)$

Slope = 2 and y-intercept =-2

$g(x) =(-1)x+5$

Slope = -1 and y-intercept =5

The difference in slopes of $f(x)\ and\ g(x)$ is = $2-(-1)=2+1=3$

We can say slope of $f(x)$ is positive and 3 more than slope of $g(x)$ while slope of $g(x)$ is negative.

Difference of y-intercepts of $f(x)\ and\ g(x)$ is = $-2-5=-7$

We can say the y-intercept of $g(x)$ is positive and 7 units above $f(x)$ while y-intercept of $f(x)$ is negative.

5 0

3 years ago

Out of a group of 120 students that were surveyed about winter sports 28 said they ski 53 said they snowboard Sixteen of the stu

hjlf

Answer:

P ( snowboard I ski) = 0.5714

Step-by-step explanation:

Conditional Probability

We use the conditional probability formula to solve this question. It is

$P(B|A) = \frac{P(A \cap B)}{P(A)}$

In which

P(B|A) is the probability of event B happening, given that A happened.

$P(A \cap B)$ is the probability of both A and B happening.

P(A) is the probability of A happening.

In this question:

Event A: Ski

Event B: Snowboard.

28 out of 120 students ski:

This means that $P(A) = \frac{28}{120} = 0.2333$

16 out of 120 do both:

This means that $P(A \cap B) = \frac{16}{120} = 0.1333$

P ( snowboard I ski)

$P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.1333}{0.2333} = 0.5714$

So

P ( snowboard I ski) = 0.5714

7 0

3 years ago

Read 2 more answers