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Zanzabum
2 years ago
15

Suppose that the revenue function for a certain product is given by R(x) = 17(2x + 1)−1 + 34x − 17 where x is in thousands of un

its and R is in thousands of dollars. (a) Find the marginal revenue (in thousands of dollars) when 2000 units are sold. $ 34 Incorrect: Your answer is incorrect. thousand (b) How does the revenue change when 2000 units are sold?
Mathematics
1 answer:
REY [17]2 years ago
3 0

Answer:

Step-by-step explanation:

Given that:

R(x) = \frac{17}{2x+1} + 34x − 17

As we know that derivative of revenue function is marginal revenue function .

We will use following rules of derivative

=> dR/ dx = \frac{-17*2}{(2x+1)^{2} } + 34

=> R' (x) =   \frac{-34}{(2x+1)^{2} } + 34

=> R '(2000) =  \frac{-34}{(2*2000+1)^{2} } + 34 = 34

The revenue when 2000 units are sold is:

R(2000) = \frac{17}{2*2000+1} + 34*2000 − 17 = $69,783

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rewona [7]
<h3>Answer:  Choice D)  -$22</h3>

You'll lose on average $22 per roll.

====================================================

Explanation:

Normally there is a 1/6 chance to land on any given side of a standard die, but your friend has loaded the die in a way to make it have a 40% chance to land on "1" and an equal chance to land on anything else. Since there's a 40% chance to land on "1", this leaves 100% - 40% = 60% for everything else.  

Let's define two events

  • A = event of landing on "1".
  • B = event of landing on anything else (2 through 6).

So far we know that P(A) = 0.40 and P(B) = 0.60; I'm using the decimal form of each percentage.

The net value of event A, which I'll denote as V(A), is -100 since you pay $100 when event A occurs. So we'll write V(A) = -100. Also, we know that V(B) = 30 and this value is positive because you receive $30 if event B occurs.

To recap things so far, we have the following:

  • P(A) = 0.40
  • P(B) = 0.60
  • V(A) = -100
  • V(B) = 30

Multiply the corresponding probability and net value items together

  • P(A)*V(A) = 0.40*(-100) = -40
  • P(B)*V(B) = 0.60*30 = 18

Then add up those products:

-40+18 = -22

This is the expected value, and it represents the average amount of money you earn for each dice roll. So you'll lose on average about $22. Because the expected value is not zero, this means this game is not mathematically fair.

This does not mean that any single die roll you would lose $22; instead it means that if you played the game say 1000 or 10,000 times, then averaging out the wins and losses will get you close to a loss of $22.

7 0
2 years ago
Somebody please help! I need this!
Mnenie [13.5K]

Answer:

216 ft is your answer

Step-by-step explanation:

10x5=50

6x5=30

6x8=48

6x8=48

8x5=40

Add all the sum, which would equal 216.

Hope this helps.

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Answer:

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