A paint company has a specific type of interior paint which costs $5.55 to produce each unit. The company also has a fixed cost
1 answer:
Answer:
Minimum total cost = $20550
maximum revenue $44,100
Step-by-step explanation:
Given data:
Production cost $5.55 per unit
Fixed cost = $15000 per month
Price, p = 42-0.01 q
where. q represent number of unit produced
revenue can be wriiten as
p.q = 42q - 0.01q^2
1) from information 1000 unit has to produced therefore
total cost = 15000 + 5.55×1000 = $20550
Minimum total cost = $20550
2) Revenue = 42q - 0.01q^2
therefore for maximum revenue q is = 2100
so, maximum revenue
= $44,100
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Answer:
Approximately (
.) (Assume that the choices of the
passengers are independent. Also assume that the probability that a passenger chooses a particular floor is the same for all
floors.)
Step-by-step explanation:
If there is no requirement that no two passengers exit at the same floor, each of these passenger could choose from any one of the
floors. There would be a total of
unique ways for these
passengers to exit the elevator.
Assume that no two passengers are allowed to exit at the same floor.
The first passenger could choose from any of the floors.
However, the second passenger would not be able to choose the same floor as the first passenger. Thus, the second passenger would have to choose from only floors.
Likewise, the third passenger would have to choose from only floors.
Thus, under the requirement that no two passenger could exit at the same floor, there would be only unique ways for these two passengers to exit the elevator.
By the assumption that the choices of the passengers are independent and uniform across the floors. Each of these
combinations would be equally likely.
Thus, the probability that the chosen combination satisfies the requirements (no two passengers exit at the same floor) would be:
.