Answer:
Step-by-step explanation:
Given that a small business assumes that the demand function for one of its new products can be modeled by

Substitute the given values for p and x to get two equations in c and k

Dividing on by other we get

Substitute value of k in any one equation

b) Revenue of the product is demand and price
i.e. R(x) = p*x = 
Use Calculus derivative test to find max Revenue
R'(x) =
EquateI derivative to 0
1-0.000589x =0
x = 1698.037
When x = 1698 and p = 16.56469
Answer: 210 percent increase
Step-by-step explanation: So w know the starting value is k so we can replace it with 1 dollar
now we know he bought the dresser for 1 dollar and sold it for 3.10 dollars
First we have to subtract the starting value 3.1 - the original value
3.1 - 1 = 2.1
then we have to divide that number by the starting value
2.1 divided by 1 = 2.1
Lastly multiply times 100 to get the percent increase
2.1 x 100 = 210 % increase
hope this helps mark me brainliest if it helped
Answer:
b
Step-by-step explanation:
Answer:
x = 250
y = 125
u(x,y) = 3125500
Step-by-step explanation:
As given,
The utility function u(x, y) = 100xy + x + 2y
= 2 ,
= 4
Now,
Budget constraint -
x +
y = 1000
⇒2x + 4y = 1000
So,
Let v(x, y) = 2x + 4y - 1000
Now,
By Lagrange Multiplier
Δu = Δv
⇒< 100y + 1, 100x + 2 > = < 2, 4 >
By comparing, e get
100y + 1 = 2 ........(1)
100x + 2 = 4 .........(2)
Divide equation (2) to equation (1) , we get

⇒2(100y+1) = 1(100x+2)
⇒200y + 2 = 100x + 2
⇒200y = 100x
⇒2y = x
Now,
As 2x + 4y = 1000
⇒2x + 2(2y) = 1000
⇒2x + 2x = 1000
⇒4x = 1000
⇒x = 250
Now,
As 2y = x
⇒2y = 250
⇒y =
= 125
∴ we get
x = 250
y = 125
Now,
u(250, 125) = 100(250)(125) + 250 + 2(125)
= 3125000 + 250 + 250
= 3125000 + 500
= 3125500
⇒u(250, 125) = 3125500
Move the 4x over to the left side and get:
6x - 3 = 9
Then move the 3 over to the right....
6x = 12
Divide by 6
x = 2