The profit equation which relates P, profit to N, quantity produced and sold is:
P=17.75N-750
What is the total cost function?
The total production cost function, whereby total cost is C is as given below:
C=750+15.95N(look at a similar question provided)
What is the total revenue function?
The total revenue function is as given below:
R=33.70N
The profit is the excess of total revenue over total cost, in other words, profit is the total revenue minus total cost
P=33.70N-(750+15.95N)
P=33.70N-750-15.95N
P=33.70N-15.95N-750
P=17.75N-750
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Similar question:
A small publishing company is releasing a new book. The production costs will include a one-time fixed cost for editing and an additional cost for each book printed. The total production cost C (in dollars) is given by the function C=650+18.95N , where N is the number of books. The total revenue earned (in dollars) from selling the books is given by the function R=32.80N . Let P be the profit made (in dollars). Write an equation relating P to N . Simplify your answer as much as possible.
Answer:
Probability of finishing within 26 weeks of start and earning $ 1000 bonus = 46%
Probability of finishing within 27 weeks of start and earning $ 500 bonus = 69.23%
Step-by-step explanation:
Answer:
11 + 5i
Step-by-step explanation:
6 + 5i + 8 + 3i² =
= 6 + 8 + 3(-1) + 5i
= 14 - 3 + 5i
= 11 + 5i
Answer:
Lower Quartile: 62
Upper Quartile: 81
Interquartile Range: 19
Step-by-step explanation:
To find the lower quartile, you want to find the median from the minimum to the median.
49, 55, 62, 64, 67
The median of this is 62. Therefore, 62 is the lower quartile.
To find the upper quartile, you want to find the median from the median to the maximum.
76, 79, 81, 82, 83
The median of this is 81. Therefore, 81 is the upper quartile.
To find the interquartile range, you subtract the upper and lower quartile.
81-62=19
The difference is 19. Therefore, the interquartile range is 19.
Answer:
Mean = sum of all observed values / sum of frequency
Mean= (1*2 +2*2 + 3*2 + 4*1 + 5*2 + 6*1) / (2+2+2+1+2+1)
Mean = 32 / 10
Mean = 3.2
