Can someone help me please thanks.One is already done for us at 110 can someone help me with the rest of the angles
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Answer:
You can sell at least 40 phones each week.
Step-by-step explanation:
Given that:
Weekly base salary = $150
Earning on each phone = $20
Maximum amount that can be earned each week = $950
Let,
m be the number of phones.
20m + 150 ≤ 950
20m ≤ 950 - 150
20m ≤ 800
Dividing both sides by 20
m ≤ 40
Hence,
You can sell at least 40 phones each week.
A) Profit is the difference between revenue an cost. The profit per widget is
m(x) = p(x) - c(x)
m(x) = 60x -3x^2 -(1800 - 183x)
m(x) = -3x^2 +243x -1800
Then the profit function for the company will be the excess of this per-widget profit multiplied by the number of widgets over the fixed costs.
P(x) = x×m(x) -50,000
P(x) = -3x^3 +243x^2 -1800x -50000
b) The marginal profit function is the derivative of the profit function.
P'(x) = -9x^2 +486x -1800
c) P'(40) = -9(40 -4)(40 -50) = 3240
Yes, more widgets should be built. The positive marginal profit indicates that building another widget will increase profit.
d) P'(50) = -9(50 -4)(50 -50) = 0
No, more widgets should not be built. The zero marginal profit indicates there is no profit to be made by building more widgets.
_____
On the face of it, this problem seems fairly straightforward, and the above "step-by-step" seems to give fairly reasonable answers. However, if you look at the function p(x), you find the "best price per widget" is negatve for more than 20 widgets. Similarly, the "cost per widget" is negative for more than 9.8 widgets. Thus, the only reason there is any profit at all for any number of widgets is that the negative costs are more negative than the negative revenue. This does not begin to model any real application of these ideas. It is yet another instance of failed math curriculum material.
m(x) = p(x) - c(x)
m(x) = 60x -3x^2 -(1800 - 183x)
m(x) = -3x^2 +243x -1800
Then the profit function for the company will be the excess of this per-widget profit multiplied by the number of widgets over the fixed costs.
P(x) = x×m(x) -50,000
P(x) = -3x^3 +243x^2 -1800x -50000
b) The marginal profit function is the derivative of the profit function.
P'(x) = -9x^2 +486x -1800
c) P'(40) = -9(40 -4)(40 -50) = 3240
Yes, more widgets should be built. The positive marginal profit indicates that building another widget will increase profit.
d) P'(50) = -9(50 -4)(50 -50) = 0
No, more widgets should not be built. The zero marginal profit indicates there is no profit to be made by building more widgets.
_____
On the face of it, this problem seems fairly straightforward, and the above "step-by-step" seems to give fairly reasonable answers. However, if you look at the function p(x), you find the "best price per widget" is negatve for more than 20 widgets. Similarly, the "cost per widget" is negative for more than 9.8 widgets. Thus, the only reason there is any profit at all for any number of widgets is that the negative costs are more negative than the negative revenue. This does not begin to model any real application of these ideas. It is yet another instance of failed math curriculum material.