1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Eduardwww [97]
3 years ago
10

Without using calculus or any other advanced math, the MS Solver plug-in can be used to find the input value for x that results

in a maximum value for a function f(x). The price x is in the Solver "variable cell" and the function 1000x – 300x^2 is the Solver "objective." Question: What is the price x that maximizes weekly revenues?

Business
1 answer:
erik [133]3 years ago
4 0

Answer:

The weekly revenue is maximum at x=1.67.

Explanation:

The given function is

f(x)=1000x -300x^2         .... (1)

where, f(x) is the total revenue at price x.

We need to find the price x at which the weekly revenue is maximum.

The leading coefficient of the given function is -300, which is a negative number. So, it is a downward parabola and vertex of a downward parabola is the the point of maxima.

If a parabola is defined as

g(x)=ax^2+bx+c           ... (2)

then the vertex of the function is

(-\frac{b}{2a},g(-\frac{b}{2a}))

From (1) and (2) it is clear that

a=-300,b=1000, c=0

The given function is maximum at

-\frac{b}{2a}=-\frac{1000}{2(-300)}

-\frac{b}{2a}=\frac{10}{6}

-\frac{b}{2a}=1.66667

-\frac{b}{2a}\approx 1.67

Therefore the weekly revenue is maximum at x=1.67.

You might be interested in
Jerrod's typical attire is that of baggy jeans decorated with chains, t-shirts with sometimes inappropriate phrases on them, and
s344n2d4d5 [400]
<span>Jerrod could do better at making his attire interview ready. A nice suit and tie instead of baggy jeans would be a good idea. He could spice up his resume also. Another way to get hired is to research about the company. Companies like if you have an interest enough to learn about their company</span>
5 0
3 years ago
As of 2015, the citizens of Zimbabwe had an average life expectancy of 61 years. A sudden increase in the quality of health care
lilavasa [31]

Answer: Increase in Supply of Loanable funds

Explanation:

With people now living longer in Zimbabwe, they will need a way to sustain their selves in their old age. This will lead to them saving more money in pensions and other financial instruments presented by banks.

These banks will then use this money that these people have saved to create loans for entities in the economy thereby increasing the supply of loanable funds and reducing interest rates.

3 0
3 years ago
________ are the most affluent and brand conscious demographic segment in the united states.
lord [1]
Asian Americans are the most affluent and brand conscious demographic segment in the U.S. The older portion of the Asian American segment have more disposable income and are also likely to very brand conscious. As an overall group, they are inclined to using this disposable income towards purchasing entertainment goods and services, as well as goods and services associated with health care, travel and financial industry.
8 0
3 years ago
Given that Gabbie is looking for a budget-priced flight home for the holidays, she will need to find out what various options ex
PSYCHO15rus [73]

Answer:

Gabbie is in the Information Search phase of the consumer decision process. This is the second phase.

Explanation:

The Consumer Decision Process is a situation in which a consumer passes through the phases listed below in order to make a final purchase decision.

1. The first phase where the consumer recognizes a need they have to fulfil.

2. The second phase in which Information search is carried out in order to determine how best to meet this need.

3. The third phase which Alternative Evaluation phase. Here, the consumer evaluates each medium that can fulfil their needs.

4. The fourth phase, which is the decision making phase. Here, the consumer makes their purchase decision based on the evaluation of alternatives in the previous phase.

4 0
3 years ago
The IMC channel that has received the greatest increase in aggregate spending recently is ________, or marketing that communicat
wariber [46]

The IMC channel that has received the greatest increase in aggregate spending recently is direct marketing  or marketing that communicates directly with target customers to gener­ate a response or transaction.

<u>Explanation: </u>

Direct Marketing is a promotional strategy based on the distribution to potential customers of a marketing strategy.  

The Systems of distribution used include mail, online and texting. Direct marketing is named because it removes intermediaries, like publicity media, in particular.

Direct marketing focuses instead of media advertising on delivery to individual consumers.   In much direct marketing, the call to action is a common factor.   It is easier to quantify than media advertising that direct marketing is successful.

In a number of direct marketing, the call for action is a special element. You are instructed to respond immediately to the request through a free telephone number, a reply card or a reference in the email advertisement. The recipient must also access the letter. A positive measure of a future purchase is any reply. Personal advertising is often linked to as ads for direct responses.

4 0
4 years ago
Other questions:
  • Nemo Haulers is considering whether to purchase a new mini tractor for moving furniture within its warehouse. Nemo calculates th
    6·1 answer
  • A company reports the following sales related information: sales (gross) of $200,000; sales discounts of $4,000; sales returns a
    7·1 answer
  • Determining whether a firm's financial position is improving or deteriorating requires analysis of more than one set of financia
    6·1 answer
  • A smart card looks like a credit card but it has a(n) ________ built into it
    11·1 answer
  • Explain how you will use each of the five P's of the marketing mix to achieve your brand image goals
    15·2 answers
  • Lowlife Company defaulted on a $250,000 loan that was due on December 31, 2018. The bank has agreed to allow Lowlife to repay th
    11·1 answer
  • Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a
    7·1 answer
  • Explain how this external force is currently influencing the internal functional area(s) of the organization. For example, expla
    8·1 answer
  • Newcastle Enterprises had net income for 2024 of . Newcastle had shares of common stock outstanding at the beginning of the year
    10·1 answer
  • To maximize profitability and competitiveness, firms must:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!