Answer:
x = 4
Step-by-step explanation:
3 x ( 4x -7 ) = 27
3 x 4x = 12x
3 x -7 = -21
12x -21 = 27
12x -21 + 21 = 27 + 21
12x = 48
12x/12 = 48/12
x = 4
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The inverse of the demand function is; P = 9 - 0.25Q
The profit-maximizing price and quantity are; $8.5 and 2 units.
The maximum profit is; $1
<h3>How to find the inverse of a function?</h3>
A) The demand function we are given is;
Q = 36 - 4P
Making P the subject gives the inverse demand function;
P = (36 - Q)/4
P = 9 - Q/4
P = 9 - 0.25Q
B) The profit-maximization point is the point at which MR = MC.
MR refers to the marginal revenue and MC is the marginal cost.
MC can be calculated as the first derivative of the cost function:
C(Q) = 4 + 4Q + Q²
MC = C'(Q) = 2Q + 4
Total Revenue = Price * Quantity
Total Revenue = (9 - 0.25Q) * Q
Total Revenue = 9Q - 0.25Q²
MR is gotten by differentiating Total Revenue to get;
MR = 9 - 0.5Q
Applying the condition MR = MC, we have;
9 - 0.5Q = 4 - 2Q
Solving for Q gives Q = 2
Thus, profit maximizing quantity is 2.
Thus, profit maximizing price will be;
P(2) = 9 - 0.25(2)
P(2) = $8.5
C) Formula for Maximum Profit is;
Profit = Total Revenue - Total Cost
Total Revenue = 8.5 * 2
Total revenue = $17
Total Cost is;
C(2) = 4 + 4(2) + 2²
C(2) = $16
Thus;
Maximum Profit = 17 - 16 = $1
Read more about Inverse of a function at; brainly.com/question/13948067
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It is convenient to do part b first, then use that result to do part a.
b. For some pair of points (x1, y1) and (x2, y2), you want to find a point (a, b) such that (a, b) - (x1, y1) = (x2, y2) - (a, b). That is, the differences of coordinates from one end to the center are the same as the differences from the center to the other end.
Adding (a, b) to the above equation gives
2(a, b) - (x1, y1) = (x2, y2)
Adding (x1, y1) then gives
2(a, b) = (x1, y1) + (x2, y2)
Finally, dividing by 2 gives a formula for (a, b):
(a, b) = ((x1, y1) + (x2, y2))/2
The midpoint is the average of the end points.
a. Using the result from part b, the midpoint is
midpoint = ((2, 3) + (6, 7))/2 = (8, 10)/2
midpoint = (4, 5)
The answer is 8, first you convert 16 1/8 into a decimal and that is 16.125 and then you divide 129 by 16.125 :)