10 POINTS!!! FULL ANSWER WITH FULL STEP BY STEP SOLUTION PLEASE
1 answer:
A) Profit is the difference between revenue an cost. The profit per widget is
m(x) = p(x) - c(x)
m(x) = 60x -3x^2 -(1800 - 183x)
m(x) = -3x^2 +243x -1800
Then the profit function for the company will be the excess of this per-widget profit multiplied by the number of widgets over the fixed costs.
P(x) = x×m(x) -50,000
P(x) = -3x^3 +243x^2 -1800x -50000
b) The marginal profit function is the derivative of the profit function.
P'(x) = -9x^2 +486x -1800
c) P'(40) = -9(40 -4)(40 -50) = 3240
Yes, more widgets should be built. The positive marginal profit indicates that building another widget will increase profit.
d) P'(50) = -9(50 -4)(50 -50) = 0
No, more widgets should not be built. The zero marginal profit indicates there is no profit to be made by building more widgets.
_____
On the face of it, this problem seems fairly straightforward, and the above "step-by-step" seems to give fairly reasonable answers. However, if you look at the function p(x), you find the "best price per widget" is negatve for more than 20 widgets. Similarly, the "cost per widget" is negative for more than 9.8 widgets. Thus, the only reason there is any profit at all for any number of widgets is that the negative costs are more negative than the negative revenue. This does not begin to model any real application of these ideas. It is yet another instance of failed math curriculum material.
m(x) = p(x) - c(x)
m(x) = 60x -3x^2 -(1800 - 183x)
m(x) = -3x^2 +243x -1800
Then the profit function for the company will be the excess of this per-widget profit multiplied by the number of widgets over the fixed costs.
P(x) = x×m(x) -50,000
P(x) = -3x^3 +243x^2 -1800x -50000
b) The marginal profit function is the derivative of the profit function.
P'(x) = -9x^2 +486x -1800
c) P'(40) = -9(40 -4)(40 -50) = 3240
Yes, more widgets should be built. The positive marginal profit indicates that building another widget will increase profit.
d) P'(50) = -9(50 -4)(50 -50) = 0
No, more widgets should not be built. The zero marginal profit indicates there is no profit to be made by building more widgets.
_____
On the face of it, this problem seems fairly straightforward, and the above "step-by-step" seems to give fairly reasonable answers. However, if you look at the function p(x), you find the "best price per widget" is negatve for more than 20 widgets. Similarly, the "cost per widget" is negative for more than 9.8 widgets. Thus, the only reason there is any profit at all for any number of widgets is that the negative costs are more negative than the negative revenue. This does not begin to model any real application of these ideas. It is yet another instance of failed math curriculum material.
You might be interested in
Answer:
hope it helps ......
Step-by-step explanation:
....
have a great day
Answer: P = 0.75
Step-by-step explanation:
Hi!
The sample space of this problems is the set of all the possible sales. It is divided in the disjoint sets:
We have also the set of sales of boat accesories , the colored one in the image.
We are given the data:
From these relations you can compute the probabilities of the intersections colored in the image:
You are asked about the conditional probability:
To calculate this, you need . In the image you can see that the set
is the union of the two disjoint pink and blue sets. Then:
Finally:
