What % of 320 is 16?

A bakery finds that the price they can sell cakes is given by the function p = 580 − 10x where x is the number of cakes sold per

dexar [7]

Answer:

The total revenue is $TR=580x-10x^2$ .

The marginal revenue is $MR=580-20x$ .

The fixed cost is $900.

The marginal cost function is $MC=50x+300$ .

Step-by-step explanation:

The Total Revenue ( $TR$ ) received from the sale of $x$ goods at price $p$ is given by

$TR=p\cdot x$

The Marginal Revenue ( $MR$ ) is the derivative of total revenue with respect to demand and is given by

$MR=\frac{d(TR)}{dx}$

From the information given we know that the price they can sell cakes is given by the function $p=580-10x$ , where $x$ is the number of cakes sold per day.

So, the total revenue is

$TR=(580-10x)\cdot x\\TR=580x-10x^2$

And the marginal revenue is

$MR=\frac{d}{dx}(580x-10x^2) \\\\\mathrm{Apply\:the\:Sum/Difference\:Rule}:\quad \left(f\pm g\right)'=f\:'\pm g'\\\\MR=\frac{d}{dx}\left(580x\right)-\frac{d}{dx}\left(10x^2\right)\\\\MR=580-20x$

The Fixed Cost ( $FC$ ) is the amount of money you have to spend regardless of how many items you produce.

The Marginal Cost ( $MC$ ) function is the derivative of the cost function and is given by

$MC=\frac{d(TC)}{dx}$

We know that the total cost function of the company is given by $C=(30+5x)^2$ , which it is equal to

$\mathrm{Apply\:Perfect\:Square\:Formula}:\quad \left(a+b\right)^2=a^2+2ab+b^2\\a=30,\:\:b=5x\\\\\left(30+5x\right)^2=30^2+2\cdot \:30\cdot \:5x+\left(5x\right)^2=25x^2+300x+900\\\\C=25x^2+300x+900$

From the total cost function and applying the definition of fixed cost, the fixed cost is $900.

And the marginal cost function is

$MC=\frac{d}{\:dx}\left(25x^2+300x+900\right)\\\\MC=\frac{d}{dx}\left(25x^2\right)+\frac{d}{dx}\left(300x\right)+\frac{d}{dx}\left(900\right)\\\\MC=50x+300+0=50x+300$

4 0

3 years ago

A patient takes vitamin pills. Each day he must have at least 420 IU of vitamin A, 5 mg of vitamin

vagabundo [1.1K]

Answer:

minimum cost is 70 cents when Greg buys 3 pill type 1, and 2 pills type 2.

Step-by-step explanation:

6 0

2 years ago

Read 2 more answers

Marigold Industries collected $104,000 from customers in 2019. Of the amount collected, $24,400 was for services performed in 20

m_a_m_a [10]

Answer:

$\text{Net accrual income}=\$31,600$

Step-by-step explanation:

We have been given that Marigold Industries collected $104,000 from customers in 2019. Of the amount collected, $24,400 was for services performed in 2018. In addition, Marigold performed services worth $39,000 in 2019, which will not be collected until 2020.

Let us find revenue earned in 2019 by subtracting revenue earned from 2018 and adding revenue earned in 2019 to total revenue as:

$\text{Revenue in 2019}=\$104,000-\$24,400+\$39,000$

$\text{Revenue in 2019}=\$118,600$

Marigold Industries also paid $73,900 for expenses in 2019. Of the amount paid, $29,100 was for expenses incurred on account in 2018. In addition, Marigold incurred $42,200 of expenses in 2019, which will not be paid until 2020.

Now, we will find expenses in 2019 by subtracting expenses in 2018 and adding expenses in 2019 to total expenses as:

$\text{Expenses in 2019}=\$73,900-\$29,100+\$42,200$