Answer: The level of production is 4 units and the corresponding price that maximize the profits is $121.
Step-by-step explanation:
Since we have given that
the demand for steel would be
Total cost of producing x units of steel would be
Profit = R(x)-C(x)
So, it becomes,
First we derivative w.r.t to x we get that
Now, we will find the critical points,
So, now second derivative w.r.t. x.
We get that
So, there will be maximum profit at 4 units of level of production and the corresponding price that maximize the profit would be
Hence, the level of production is 4 units and the corresponding price that maximize the profits is $121.
Answer:
Step-by-step explanation:
Hey there!
The range is the possible y values, so the range of this graph would be all real numbers less than or equal to -5.
Let me know if this helps :)
I think it would be six tenths because another way to write 6 tenths is 60 hundreths. So, you'd compare 60 hundreths and 45 hundreths, and since 60 is bigger than 40, it would be six tenths....I'm not really good at explaining things, but, I hope this helped.
Answer:
1. x=12
2. x=7
Step-by-step explanation:
Answer:
$61
Step-by-step explanation:
To determine the cost per person to attend these events, you have to add the cost of the tickets for the concert plus the cost of the tickets for dinner theater. After finding the total amount that was spent, you have to divide this by 4 that is the number of people:
Total cost= $104+$140
Total cost= $244
Cost per person= $244/4
Cost per person= $61
According to this, the cost per person to attend these events is $61.
