1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alika [10]
3 years ago
6

Assume that the demand for tuna in a small coastal town is given by p = 400,000 q1.5 , where q is the number of pounds of tuna t

hat can be sold in a month at p dollars per pound. Assume that the town's fishery wishes to sell at least 5,000 pounds of tuna per month. (a) How much should the town's fishery charge for tuna to maximize monthly revenue? HINT [See Example 3, and don't neglect endpoints.] (Round your answer to the nearest cent.) p = $ per lb (b) How much tuna will it sell per month at that price? q = lb (c) What will be its resulting revenue? (Round your answer to the nearest dollar.) $ per month
Business
1 answer:
oee [108]3 years ago
3 0

Answer:

(a) p = $ per lb

p = $2.12 per lb

(b) q = lb (c)

q = $23320

Explanation:

p=750000/q^1.5=>

p'=-1125000q^(-2.5)<0 always

=>p is decreasing with the  

increasing of q. So q should take

the allowable least value=5000.

=>

(a) the charge=  750000/(5000)^1.5=  $2.12/lb

(b)The max. revenue=

q = lb (c) = 2.12(5000)=  $23320

You might be interested in
Some federal grants, such as categorical grants, ____________, while others, such as block grants, ____________.
Vinil7 [7]
Fund only individual citizens; fund only projects for states and localities
5 0
3 years ago
What percentage of those over the age of 75 in the united states has never married?
yan [13]
In the year 2000, the US census showed that 9.1% of those over 75 had not married so the percentage is relatively low and from 75-84 yrs old, about 50% were still married, 40% were widowed and 5.4 % were divorced.
6 0
3 years ago
What type of research involves identifying key product characteristics that become selling​ points? For​ example, the marketing
Trava [24]

Answer:

<em>Product-Specific Research</em>

Explanation:

Product research <em>is an essential part of the development of new products. Analysis will help you determine important issues at every stage of the process and avoid costly errors.</em>

Testing a prototype will help you to reject uncompromising concepts, allowing you to focus money and time commitment on goods with the best chance of commercial success.

Product-Specific Research includes finding key product features that are selling points. Sells the benefit that the product provides.

8 0
3 years ago
Blossom Company purchased a new machine on October 1, 2017, at a cost of $66,000. The company estimated that the machine has a s
Ugo [173]

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $66,000

Salvage value= $5,700

Useful life= 6

F<u>irst, we need to calculate the annual depreciation using the following formula:</u>

<u></u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (66,000 - 5,700) / 6= 10,050

<u>2017:</u>

Annual depreciation= (10,050/12)*3= $2,512.5

<u>2018:</u>

Annual depreciation= $10,050

8 0
4 years ago
Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
Other questions:
  • If you hired a firm to do a risk assessment of your business, would you hire the same firm to mitigate any risks that were ident
    7·1 answer
  • When defining the issue for which a decision has to be made, framing the issue in a positive way _____. a. Allows everyone to fe
    12·2 answers
  • Bea’s Donuts requires that all people working in her store wear a light blue polo shirt showing the logo of her company. Requiri
    11·1 answer
  • Suppose you know a company's stock currently sells for $80 per share and the required return on the stock is 14 percent. You als
    5·1 answer
  • Website : https://www.yelp.com/biz/park-tudor-school-indianapolis
    13·1 answer
  • describe a career you would like to have, and explain how you could get started and then advance in that career.
    6·2 answers
  • A strategic window results from the right combination of circumstances and timing, allowing a firm to take action to reach a par
    14·1 answer
  • Motorcycle Manufacturers, Inc. projected sales of 59,700 machines for the year. The estimated January 1 inventory is 6,410 units
    13·1 answer
  • Identify the form of communication in which an individual both speaks up for their rights and also takes others' rights and feel
    15·1 answer
  • On Wednesday, your boss asks you if you'd be willing to work an
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!