4 Large coffees
Step-by-step explanation:
4 X $3.00 = $12.00
9 x $2.00 = $18.00
$18.00 (9 small coffees) + $12.00 (4 Large Coffees ) = $30.00
Number of stocks held = 30
Price at which each shares of Lofty Cheese Company bought = 20 1/4
= (81/4) dollars
Price at which each shares of Lofty Cheese Company sold = 25 1/4
= (101/4) dollars
Amount of profit made per share of Lofty Cheese Company = [(101/4 - (81/4)] dollars
= (20/4) dollars
= 5 dollars
Amount of profit made for 30 shares of Lofty Cheese Company = (30 * 5) dollars
= 150 dollars.
So you will make a profit of $150.The correct option in regards to the question given is option "C".
Answer:
y = x + 10
Step-by-step explanation:
when translating a line up on a graph, the y-intercept increases as many units as it is translated.
Answer:
The profit will be maximum on x = 250.
Step-by-step explanation:
From the given information:
Revenue = 1500x - x²
Cost = 1500 + 1000x
As we know that
Profit = Revenue - Cost ; Let say it equation 1
Then after putting the values of revenue and cost in equation 1 we have:
Profit = (1500x - x²) - (1500 + 1000x)
Profit = 1500x - x² - 1500 - 1000x
Profit = -x² + 500x - 1500
We know that at the max or min the slope of the graph formed by the profit function will be zero, therefore we find the slope of profit function by taking the first derrivative w.r.t. x as under:
d(Profit)/dx = d/dx(-x² + 500x - 1500)
d(Profit)/dx = -2x + 500
By putting the above slope equal to zero we get:
d(Profit)/dx = -2x + 500 = 0
-2x + 500 = 0
-2x = -500
x = 250
Therefore it is concluded that the profit will be maximum when x will be equal to 250.