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.
Answer:
greatest number of people: 6760
lowest number of people: 6240
Step-by-step explanation:
4% of 6500 is 260
6500 + 260 = 6760
6500 - 260 = 6240
Answer : SSE = 9
r^2 = 0.75
r^2 = 1 - (SSE/SST)
SSE/SST = 1 - r^2 = 1 - 0.75 = 0.25
<span>SST = 9/0.25 = 36</span>
1500 pounds. 1 ton is equal to 2000 pounds. Divide 2000 by 4 and get 500 multiply by 3 to create 3/4 of a ton and get 1500. 1500 pounds
