Answer:
The total revenue is
.
The marginal revenue is
.
The fixed cost is $900.
The marginal cost function is
.
Step-by-step explanation:
The Total Revenue (
) received from the sale of
goods at price
is given by

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

From the information given we know that the price they can sell cakes is given by the function
, where
is the number of cakes sold per day.
So, the total revenue is

And the marginal revenue is

The Fixed Cost (
) is the amount of money you have to spend regardless of how many items you produce.
The Marginal Cost (
) function is the derivative of the cost function and is given by

We know that the total cost function of the company is given by
, which it is equal to

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

Answer:
B. 75 inches
Step-by-step explanation:
just took the test
Answer:
2
Step-by-step explanation:
The solution can be anything bigger than 13/6.
For example: 3, 4, 5, 6...ect
Answer:
A sinusoidal model would be used
The kind of function that have consistency in the periodic rate of change is the Average rate of changes
Step-by-step explanation:
The type of model that would be used is sinusoidal model and this is because there is periodic change in the values given ( i.e the rate of changes given )
For percentage rate of changes :
starting from 0.9% there is an increase to 1.3% then a decrease to 1.1% and a further decrease to 1% before an increase to 1.3% and another decrease to 1%
For Average rate of changes:
starting from 2.9 there is a decrease to 2.4, then an increase to 3.7 and another decrease to 3.1 followed by an increase to 3.6 and a decrease back to 3.2
This relation ( sinusoidal model ) is best suited for a linear model because there is a periodic rate of change in the functions
The kind of function that have consistency in the period rate of change is the Average rate of changes