For a certain company, the cost function for producing x items is C(x)=30x+150 and the revenue function for selling x items is R(x)=−0.5(x−90)2+4,050. The maximum capacity of the company is 130 items.
The profit function P(x) is the revenue function R(x) (how much it takes in) minus the cost function C(x) (how much it spends). In economic models, one typically assumes that a company wants to maximize its profit, or at least make a profit!



Answers to some of the questions are given below so that you can check your work.



Assuming that the company sells all that it produces, what is the profit function?
P(x)=
Preview Change entry mode .

Hint: Profit = Revenue - Cost as we examined in Discussion 3.

What is the domain of P(x)?
Hint: Does calculating P(x) make sense when x=−10 or x=1,000?

The company can choose to produce either 60 or 70 items. What is their profit for each case, and which level of production should they choose?
Profit when producing 60 items =
Number


Profit when producing 70 items =
Number


Can you explain, from our model, why the company makes less profit when producing 10 more units?

Answers

Answer 1

Profit, revenue and cost are related, and can be calculated from one another.

The profit function is [tex]\mathbf{P(x) =-0.5(x -90)^2 - 30x + 3900}[/tex]The domain of the profit function is x > 0The profit when producing 60 items is 1650The profit when producing 70 items is 1600

The cost function is given as:

[tex]\mathbf{C(x) =30x + 150}[/tex]

The revenue function is given as:

[tex]\mathbf{R(x) =-0.5(x -90)^2 + 4050}[/tex]

(a) Calculate the profit function

This is calculated using:

[tex]\mathbf{P(x) = R(x) - C(x)}[/tex]

So, we have:

[tex]\mathbf{P(x) =-0.5(x -90)^2 + 4050 - 30x - 150}[/tex]

Evaluate like terms

[tex]\mathbf{P(x) =-0.5(x -90)^2 - 30x + 3900}[/tex]

(b) The domain of the profit function

When profit is 0 or less, then it becomes no profit.

Hence, the domain of the profit function is x > 0

(c) The profit for 60 and 70 items

Substitute 60 and 70 for x in P(x)

[tex]\mathbf{P(60) =-0.5(60 -90)^2 - 30 \times 60 + 3900}[/tex]

[tex]\mathbf{P(60) =1650}[/tex]

The profit when producing 60 items is 1650

[tex]\mathbf{P(70) =-0.5(70 -90)^2 - 30 \times 70 + 3900}[/tex]

[tex]\mathbf{P(70) = 1500}[/tex]

The profit when producing 70 items is 1600

(d) Why producing 10 more units less profit

When a function reaches the optimal value, the value of the function begins to reduce.

This means that, producing 10 more units takes the profit function beyond its maximum point.

Read more about profit, cost and revenue at:

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Related Questions

How do I find the percent of change

Answers

Answer:

200%

Step-by-step explanation:

It increases by 3 times. Because 100% increase is a 2x increase, 200% will be a 3x increase. Therefore, your answer is 200%.

In which quadrant does the point (13 , -6) lie?
A.
Quadrant III
B.
Quadrant I
C.
Quadrant IV
D.
Quadrant II

Answers

Answer:

C

Step-by-step explanation:

i hope you'll find these useful......

Answer:

C, quadrant IV

Step-by-step explanation:

The X (13) is positive meaning the point is on the right side of the graph, and Y (-6) is negative so it's below the x axis

Order from least to greatest -0.4, -1/5, and -0.65

Answers

least to greatest:
-0.65, -0.4, -1/5.

Tell me if want step by step!!

Hope this helped. :(

How many gallons of a 90% antifreeze solution must be mixed with 100 gallons of 10% antifreeze to get a mixture that is 80% antifreeze? Use the six-step method.

Answers

WOOOOOOO FREEEZE RAYYY. AAAAAAAAAA AAAAAAAAAAAAAAAAAA. IM DYING GRANDPA SMOKED THE MOONS ASHES AND NOW IM FLYING

slope of thissss




please help

Answers

-0.66

Step-by-step explanation:

can u mark me a brainliest

cuanto es 3/5 menos 1/2

Answers

Answer:

1/10

Step-by-step explanation:

(3/5) - (1/2)

3/5 = 3*2/ 5*2 = 6/10

1/2 = 1*5/ 2*5 = 5/10

(6/10) - (5/10)

= (6-5) / 10

= 1/10

the answer to your question is 1/10

Will the answer to the subtraction problem below be odd or even?
5291 - 4070 = ?

Answers

Answer:

1221

Step-by-step explanation:

here you go ...........

even because the answer is 1221

A store sells 6 apples for $2.82. At that rate, how much would 1 apple cost?

Answers

Answer:

$0.46

Step-by-step explanation:

6 apples = $2.82

1 apple = 2.82 / 6

= $0.46

what is 282.74 in terms of pi

Answers

Answer:

90π

Step-by-step explanation:

282.74 / π

282.74 / 3.14159 = 90

282.74 = 90π

Help, with my homework. Please represent 2x^-5x-12 using algebra tiles

Answers

Answer:

2−4−12

Step-by-step explanation:

The scale for a map to actual distance is 2 centimeters to 100 miles. The driving distance on the map between Los Angeles and Las Vegas is 5.4 centimeters. What is the actual distance, in miles, between Los Angeles and Las Vegas?

Answers

[tex]\begin{array}{ccll} \stackrel{cm}{map}&\stackrel{mi}{actual}\\ \cline{1-2} 2&100\\ 5.4&x \end{array}\implies \cfrac{2}{5.2}=\cfrac{100}{x}\implies 2x = 520\implies x = \cfrac{520}{2}\implies x = 260[/tex]

Help please please need quick

Answers

14 times 14=196
7 times 7= 49
196-49=147
The length of X is approximately 7 root 3. Or 12.12 as a decimal

Solve for N is this equation.

Answers

Answer:

[tex]n + (13 - 6) = 124[/tex]

[tex]n+13-6=124[/tex]

[tex]n+7=124[/tex]

[tex]n+7-7=124-7[/tex]

[tex]n=117[/tex]

Write two numbers that multiply to −33 and add to 8

Answers

Answer:

-3 and 11

Step-by-step explanation:

Waiting times to receive food after placing an order at the local Subway sandwich shop follow an exponential distribution with a mean of 66 seconds. Calculate the probability a customer waits:a. Less than 39 seconds.

Answers

Using the exponential distribution, it is found that there is a 0.4462 = 44.62% probability that a customer waits less than 39 seconds.

The exponential probability distribution, with mean m, is described by the following equation:  

[tex]f(x) = \mu e^{-\mu x}[/tex]

In which [tex]\mu = \frac{1}{m}[/tex] is the decay parameter.

The probability that x is lower or equal to a is given by:

[tex]P(X \leq x) = \int\limits^a_0 {f(x)} \, dx[/tex]

Which has the following solution:

[tex]P(X \leq x) = 1 - e^{-\mu x}[/tex]

In this problem, mean of 66 seconds, hence, the decay parameter is:

[tex]\mu = \frac{1}{66}[/tex]

The probability that a customer waits less than 39 seconds is:

[tex]P(X \leq 39) = 1 - e^{-\frac{39}{66}} = 0.4462[/tex]

0.4462 = 44.62% probability that a customer waits less than 39 seconds.

A similar problem is given at https://brainly.com/question/17039711

whoever answers ets brainliest, 5 stars, and a thanks. pls help asap!

evaluate: (5/6 + 2/3) - (3/4 + 1/12)

answer as a fraction in simplest form

Answers

Given info:- Evaluate: [(5/6 + 2/3) - (3/4 + 1/12)] and find the Evaluated form = ?

Solution:-

Given fractional expression: [(5/6 + 2/3) - (3/4 + 1/12)]

Take the LCM of denominator 3 and 6 is 6.

Again take the LCM of denominator 4 and 12 is 12.

so,

⟼ [(5+4)/6 - (9+1)/12]

⟼ [9/6 - 10/12]

Now, take the LCM of the denominator 9 and 12 is 36.

⟼ [(54-30)/36]

Now, reduce the fraction by extracting and cancaling out with 2.

⟼ [24÷2/36÷2]

⟼ 12/18

⟼ 6÷3/9÷3

⟼ 2/3

Answer

Therefore, Evaluated form is 2/3.

Read more:

Similar questions

Question 1 Evaluate (5 + 2)2 − 40 + 3 6 11 12 34 -------------------------------------------------------------------------------- Question 2 Evaluate 7 + 52 • 4...

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Describe a real life example of any one of Newton's Laws. It cannot be an example already listed in this portfolio. Make sure you're adequately describing your example and how it represents the law(s). (4-5 sentences)

Answers

Newton's first law of motion states that; An object continues to be in its state of rest or uniform motion unless acted upon by an external force in which case, it acts otherwise.

An example of this law is an orange placed on a table.

In essence, the orange continues in its state of rest unless acted upon by a force of push or otherwise by an individual or perhaps wind as the case may be.

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The graph shows that the solution to 2 = 0.5^x is X = -1 What is the solution to 2 = 0.5^x - 4
Answer in Complete Sentences

Answers

Step-by-step explanation:

2 = 0.5^x - 4 is the same as

6 = 0.5^x

x is the logarithm of 6 to the base of 0.5.

which is the same as

log(6)/log(0.5) = -2.584962501...


The table shows information about some children.
Age 11
Age 12
Total
Girls
7
a
b
Boys
с
5
8
Total
d
9
e
A pupil is selected at random.
What is the probability of selecting a boy?
Give your answer in its simplest form.

Answers

I wrote this on a document in my previous years in school.

3 bombas de agua llenan una piscina en 10 días trabajando 5 horas diarias.

Si hay 5 bombas de agua, ¿cuántos días demoran en llenar la misma piscina, si trabajan 8 horas diarias?

Answers

5 bombas deben trabajar durante 4 dias para llenar la piscina.

¿cuántos días demoran en llenar la misma piscina, si trabajan 8 horas diarias?

Cada bomba trabaja a un rate (razon de trabajo) R.

Sabemos que 3 bombas, trabajando 5 horas diarias por 10 días (un total de 50 horas), llena una piscina, entonces:

(3R)*50 horas= 1 piscina.

R = (1 piscina)/(150 horas).

Es decir, una sola bomba tarda 150 horas en llenar una piscina.

En el caso de que 5 bombas trabajen, tenemos que para llenar una piscina tienen que trabajar un tiempo T.

5*((1 piscina)/(150 horas))*T = 1 piscina.

(1 piscina)/(30 horas)

Resolviendo para T, obtenemos:

T = 1 piscina*(30 horas)/(1 piscina) = 30 horas.

Y sabemos que trabajan 8 horas diarias, es decir, las bombas deben trabajar durante:

30/8 = 3.75 ≈ 4 días.

5 bombas deben trabajar durante 4 dias para llenar la piscina.

Sí quieres aprender más sobre razones de trabajo.

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#SPJ2

Decide whether the two inequalities are equivalent. Explain.
b- 12 24: bs 16
O A Yes; if you solve the first inequality for b, you will get the second inequality.
o
B. No; if you graph both inequalities on the same number line, you will cover all real numbers.
O C. No; if you solve the first inequality for b, you will end up with an inequality with a different relation symbol than the second inequality
OD. No, if you graph both inequalities on the same graph, you will get b = 16.

Answers

Answer:

D,no if you graph both inequalitiesvon thevsame geaph ,you will get b =16

what's
- 5 3/4 + (-4 5/6) in simplest form​

Answers

Answer:

-(127/12)

Step-by-step explanation:

-23/4 -29/6 = -254/24

-254/24 = -127/12


John buys a computer on sale for $450.00. He
pays $50.00 less than have the original price. How
much was the original price of the computer?
Write and solve an equation

Answers

First you can add 50 dollars to 450 dollars which is 500 then divide that 500 by 2 and that is 250

Answer:

$450+$50= X

X=$500

Step-by-step explanation:

The sale price is $450.00, so you take that amount and $50.00 which the amount he paid less and add them both. We do this because we want to see the original price of the computer. If it mentioned the original price already and the amount $50.00 and asked the sail price instead, we would have to subtract to get the answer.

Here we have to add.

450+50=500

(add the dollar sign)

$450+$50=X

X=$500

Eddie's overtime is figured on a 40-
hour work week. Last week he
worked the following hours:
Monday = 9.7
Tuesday = 8.3
Wednesday = 8
Thursday = 9.1
Friday = 8.6
=
He is paid time and a half for
overtime and makes $14.40 for
regular hours. What is Eddie's gross
pay?

Answers

Answer:

597.6 Dollars

Step-by-step explanation:

Answer:

$655.92

Step-by-step explanation:

Total number of hours worked:

9.7 + 8.3 + 8 + 9.1 + 8.6 = 43.7

Overtime hours:

43.7 - 40 = 3.7

Gross payment:

40*14.4 + 3.7*14.4*1.5 = 655.92

list all the prime numbers between 90 and 100

Answers

Im pretty sure the only prime number in between 90 and 100 is 97

Only 97 bc that is the only prime number

Find the point on the line y=x that is closest to the point (-4,8)

Answers

Answer:

(2,2)

Step-by-step explanation:

Which expression is equivalent to 4 (5X + 3y)

Answers

Answer:

20x + 12y

Step-by-step explanation:

=> 4(5x + 3y)

=> 20x + 12y

Since we can't simplify this further, 20x + 12y is out answer.

Hoped this helped.

The angle of elevation of the top of a pole as seen from a point 13 ft away from the base is double its angle of elevation as seen from a point 47 ft farther from the pole. Find the height of the pole above the level of the observer's eyes. 10) A) 34 ft B) 86 ft C) 60 ft D) 45 ft

Answers

The height of the pole above the level of the observer's eyes is 31.42 ft

Let the angle of elevation of the top of the pole from a point 47 ft away be α.

Let the angle of elevation of the top of the pole from the point 13 ft away be β.

Since the angle of elevation of a point 13 feet away is twice that from 47 ft away, we have that β = 2α.

If the height of the pole above the level of the observer's eye is h, we have that

tanβ = tan2α = h/13 and tanα = h/47

From trigonometric identities tan2α = 2tanα/(1 - tan²α)

Substituting the values of the variables into the equation, we have

tan2α = 2tanα/(1 - tan²α)

h/13 = 2h/47 ÷ [1 - (h/47)²]

Dividing through by h, we have

1/13 = 2/47 ÷ [1 - (h/47)²]

Cross-multiplying, we have

1/13 = 2/47 ÷ [1 - (h/47)²]

1 - (h/47)² = 2/47 × 13

1 - (h/47)² = 26/47

(h/47)² = 1 - 26/47

(h/47)² = (47 - 26)/47

(h/47)² = 21/47

Taking square-root of both sides, we have

h/47 = √(21/47)

Cross-multiplyng, we have

h = √(21/47) × 47

h = √(21 × 47)

h = √987

h = 31.42 ft

The height of the pole above the level of the observer's eyes is 31.42 ft

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what is the equation of the line in the slope-intercept? write your answer in simplest form.​

Answers

Answer:

y=-6x

Step-by-step explanation:

Slope intercept form is y=mx+b where b is the y intercept and m is the slope. In this particular example, the y intercept is at (0,0), the origin, so b=0. y=mx+0 or just y=mx. Now, to determine the slope, we must look at the graph. It appears the graph intersects the point (-10, 60) as well as the point (0,0). Other than just calculating it quickly in your head, the way to get slope from that is y1-y2/x1-x2. Setting that up, 60-0/-10-0, which is 60/-10, which is equal to -6. Put that into the equation and you get y=-6x

Please help! Answer if correctly only.

Answers

Answer:

f(X)= 4 and g(X)= 49 are the answers!

Answer:

f(6) = -8

g(-3) = 49

Step-by-step explanation:

So when observing a function we have to remember that the desired input value is correspondent to the function. So when looking at the first function of:

f(x) = -2x+4

we can see that we are trying to find f(6) meaning all of the values of x are 6 in the equation. When plugging in the value of x into the equation then we have:

f(6) = -2(6)+4

the next step would be to simplify. -2*6 = -12 and -12+4=-8 and thus:

f(6) = -8

Now the steps are the same with g(-3) except with the other function:

g(x) = -2x^3-5

g(-3) = -2(-3)^3-5

g(-3) = 49

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