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QUESTION 3 [10 MARKS] A bakery finds that the price they can sell cakes is given by the function p = 580 − 10x where x is the nu

Harman [31]

Answer:

(a)Revenue function, $R(x)=580x-x^2$

Marginal Revenue function, R'(x)=580-2x

(b)Fixed cost =900 .

Marginal Cost Function=300+50x

(c)Profit, $P(x)=-35x^2+280x-900$

(d)x=4

Step-by-step explanation:

Part A

Price Function $= 580 - 10x$

The revenue function

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

The marginal revenue function

$\dfrac{dR}{dx}= \dfrac{d}{dx}(R(x))=\dfrac{d}{dx}(580x-x^2)=580-2x\\R'(x)=580-2x$

Part B

(Fixed Cost)

The total cost function of the company is given by $c=(30+5x)^2$

We expand the expression

$(30+5x)^2=(30+5x)(30+5x)=900+300x+25x^2$

Therefore, the fixed cost is 900 .

Marginal Cost Function

If $c=900+300x+25x^2$

Marginal Cost Function, $\frac{dc}{dx}= (900+300x+25x^2)'=300+50x$

Part C

Profit Function

Profit=Revenue -Total cost

$580x-10x^2-(900+300x+25x^2)\\580x-10x^2-900-300x-25x^2\\$Profit,P(x)=-35x^2+280x-900$

Part D

To maximize profit, we find the derivative of the profit function, equate it to zero and solve for x.

$P(x)=-35x^2+280x-900\\P'(x)=-70x+280\\-70x+280=0\\-70x=-280\\$Divide both sides by -70\\x=4$

The number of cakes that maximizes profit is 4.

6 0

3 years ago

The circumference of a circle is 18 pi feet. What is the area in terms of pi?

Nastasia [14]

Answer:

I am not sure if this is right but the answer is

The area of a circle with circumference 18π is 254.5

3 0

2 years ago

Trevor Has a Fair coin and a six-sided number cube with a number 1 through 6 on each side. He flips the coin and rolls a number

mina [271]

Answer:

1/12

Step-by-step explanation:

When you are doing probability with multiple things at once you have to multiply the probabilities of each asked number from each object together to get the probability of them both landing on those numbers

8 0

2 years ago

Selmas class making a care package to give to victims of a natural disaster.Selma packs one box in 5 minutes and has already pac

bixtya [17]

Each of them need to work 105 minutes more in order to have packed the same number of boxes.

Explanation

Suppose, they need to work for $x$ minutes more in order to have packed the same number of boxes.

Selma packs one box in 5 minutes and Trudy packs one box in 7 minutes.

So, the number of boxes packed by Selma in that $x$ minutes $=\frac{x}{5}$ and the number of boxes packed by Trudy in $x$ minutes $=\frac{x}{7}$

Given that, Selma and Trudy have already packed 12 and 18 boxes.

Now if each of them packed the same number of boxes, then the equation will be......

$12+\frac{x}{5}=18+\frac{x}{7}\\ \\ \frac{x}{5}-\frac{x}{7}= 18-12\\ \\ \frac{7x-5x}{35}=6\\ \\ \frac{2x}{35}=6\\ \\ 2x= 210\\ \\ x= \frac{210}{2}=105$

So, each of them need to work 105 minutes more in order to have packed the same number of boxes.

6 0

3 years ago

Find the slope of (-6,2) and (-4,13)

rewona [7]

We can use the points (-6, 2) and (-4, 13) to solve.

Slope formula: y2-y1/x2-x1

= 13-2/-4-(-6)

= 11/2

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6 0

3 years ago