The total profit that is earned is 4512.5
<h3>How to solve for the profit that is earned</h3>
100 - q = 0
q = 100
Maximization is where q = 0
MR = mc
100 - q = 5
such that q = 95
Price would be 100 -0.5(95)
= 100 - 47.5
= 52.5
Profit earned would be
= 95*52.5 -5*95
= 4512.5
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Answer: Therefore the demand function can be given as;
q = -3/2p + 1590
Step-by-step explanation:
Given that at;
$900 the monthly demand is 240. ....1
$850 the monthly demand is 315. ....2
Since, the function is a linear function. The demand function would be of the form;
q = mp + c ....5
Where q = quantity demanded
p = price m = slope and c = intercept
Substituting conditions 1 and 2 to the equation.
240 = 900m + c. ...3
315 = 850m+ c ...4
Subtracting eqn 4 from 3
-75 = 50m
m = -75/50
m = -3/2
Substituting m = -3/2 into equation 3;
We have,
240= -3/2(900) + c
c = 240 + 3/2(900)
c = 1590
Therefore the demand function can be given as; substituting m and c into equation 5, we have;
q = -3/2p + 1590
Answer:
Choice C.
Step-by-step explanation:
Choice C has the most numbers close together, and not far away like an outlier.
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Answer:
Together they will complete the order in 6/5 hours.
Step-by-step explanation:
Lisa an experience shipping clerk can fill a certain order in 2 hours.
Jim a new clerk needs 3 hours to do the same job working.
For 1 hours Lisa can fill 1/2 a order.
For 1 hours Jim can fill 1/3 a order.
For 1 hours togethers can fill 1/2+ 1/3=5/6 a order.
We have the following proportion:
Together they will complete the order in 6/5 hours.
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