It was a bumper crop for hominy this year, and The Hominy Man hoped to set a price for a case that can maximize profit. The annual fixed cost for the hominy harvesting and other equipment is $200 and the variable cost per case is $20. The price (p) is related to demand (v) according to the following equation: v = 800 - 16p. To maximize the profit, the optimal price of a case should be_____. The maximized profit is_____.

Answers

Answer 1

Answer:

optimal price = $35

Maximum profit = $3400

Step-by-step explanation:

We are given;

The annual fixed cost for the hominy harvesting and other equipment = $200

The variable cost per case = $20

Since demand is given as v, thus total variable cost = 20v

Thus;

Overall total cost = fixed cost + total variable cost = 200 + 20v

We are given relationship between p and v as;

v = 800 - 16p

Making p the subject gives;

p = (800 - v)/16

Now, total revenue is given by;

Total Revenue = vp

Thus;

Total revenue = v[(800 - v)/16] = 50v - v²/16

Now, profit will be;

Profit(P) = Total revenue - total cost

P = (50v - v²/16) - (200 + 20v)

P = 50v - (v²/16) - 200 - 20v

P = 30v - (v²/16) - 200

Maximum profit will be at dP/dv = 0

Thus;

dP/dv = 30 - (v/8)

At dP/dv = 0

30 - (v/8) = 0

v/8 = 30

v = 30 × 8

v = 240

Optimal price will be gotten by putting 240 for v in the price equation which is p = (800 - v)/16.

Thus;

p = (800 - 240)/16

p = 560/16

p = $35

So, optimal price = $35

Maximum profit will be at v = 240.so let's plug in 240 for v into the profit equation.

Thus;

P = 30(240) - (240²/16) - 200

P = 3400

Maximum profit = $3400


Related Questions

Candy's Sweets Company charges $1.15 per pound to ship candy.

Part A: Write an equation to determine the total cost, c, to ship p pounds of candy. Use your equation to determine the cost of shipping 2 pounds of candy. (6 points)
Part B: If the company reduces the cost to ship candy by $0.25 per pound, write an equation to determine the total cost, c, to ship p pounds of candy with the reduced cost. (4 points)

Answers

Answer:

Part A: c = 1.15p

c = 1.15(2) c = 2.30

Part B: c = 0.9p

c = 0.9(4) c = 3.60

Answer:

Part A: c = 1.15p; The cost of shipping 2 pounds of candy is $2.30.

Part B: c = 0.9p

Step-by-step explanation:

Part A:

$1.15 --- 1 pound

$1 --- 1.15 pounds

Replace the money sign with c (since c represents the total cost) and replace pounds with p (since p represents pounds of candy)

c = 1.15p

We can then use this equation to find the c (cost) for 2p (2 pounds).

c = 1.15(2)

  = 2.30

Thus, the cost of shipping 2 pounds of candy is $2.30.

Part B:

$1.15 - $0.25 --- 1 pound

$0.90 --- 1 pound

$1 --- 0.9 pound

Replace the money sign with c (since c represents the total cost) and replace pounds with p (since p represents pounds of candy)

c = 0.9p

3/5 c = 9 what is the answer

Answers

C=15, look at picture for work

Nate has $50 to spend at the grocery store. he fills his shopping cart with items totaling $46 at checkout he willhave to pay 6% sales tax on all items in the cart. Does he have enough money to buy everything in his cart?

Answers

Answer:

Yes

Step-by-step explanation:

This is becuase 46 x 1.06= 48.76, thats less than $50.

Answer:

yes

Step-by-step explanation:

tax will be $2.76 therefore it will come up to $48.76

Solve using substitution.
- x - y = -1
X = 2

Answers

- 2 - y = -1
Add 2
-y = 1
Y = -1

Answer:

x = 2

y = -1

Step-by-step explanation:

-(2) - y = -1

add 2

-y = 1

divide by -1

y = -1

Mary is 3 years older than twice her brother's age, a. Which expression
represents Mary's age?
A. 2a + 3

B. 2a - 3
C. 3a + 2

D. 3a - 2

Answers

Answer:

C. 3a + 2

Step-by-step explanation:

brainiest plz

the answer is a


explanation: if she’s 3 years older you will have to add that on to the brothers age (a) and a needs to be multipled by 2 cuz it says twice than

Deborah spent $70 on food and clothes she spent $26 more on clothes then on food Brighton solve a system of equations to find how much Debra spent on each

Answers

Answer:

Step-by-step explanation:

You know the total will be $70.

She bought food, let's call that "F"

She spent $26 more on clothes than food. So her clothes purchase is "F+26".

So let's set-up the equation this way:

food + clothing = Total Spent

F + F + 26 = 70

2F + 26 = 70 (subtract 26 from both sides of the = sign)

2F = 44 (Divide both sides so you find out how much was spent on "F" or food.)

F = 22 (But the question doesn't stop there.)

Deborah spent $22 on food. (Remember, she spent $26 more on clothes, so we have to use our "clothes" equation? ) Deborah spent $48 on clothes. She spent a total of $70 on her purchases.

6-3
Pleass helpppppp

Answers

Answer:

3

Step-by-step explanation:

-3 is 3

PLease help brainliest will be given If the mean of six nu m b e rs is 48, does one
of the nu m b e rs have to be 48? Explain
why or why not. Give an example with six
nu m b e rs to show your answer.

Answers

One of the numbers does not have to be 48, instead the numbers are supposed to be the quotient of 48 for example 3,4,5,6,7,8=33/6 = 5.5

Which of the following exponential functions goes through the points (1, 12) and (236)

Answers

Answer:237 . 12

Step-by-step explanation:

pleas give me a BRAINLY pleas

Answer:

y = 4[tex](3)^{x}[/tex]

Step-by-step explanation:

For an exponential function in the form

y = a [tex]b^{x}[/tex]

Use the given points to find the values of a and b

Using (1, 12), then

12 = ab → (1)

Using (2, 36), then

36 = ab² → (2)

Divide (2) by (1)

[tex]\frac{36}{12}[/tex] = [tex]\frac{ab^2}{ab}[/tex] , then

3 = b

Substitute b = 3 into (1) for value of a

12 = 3a ( divide both sides by 3 )

4 = a

Thus

y = 4[tex](3)^{x}[/tex] ← is the exponential function

Tamara draws a tile from a bag and records the results. The bag contains tiles labeled with the letters, W, A, T, E, R, M, E, L, O, and N. Based on this information, which statement is true?

Answers

what are the statements?

Answer:

These are the statements. I need help to

Step-by-step explanation:

She is 1.5 times less likely to draw a vowel than a consonant.

She is 1.5 times more likely to draw a vowel than a consonant.

She is twice as likely to draw a consonant as a vowel.

Drawing a vowel and a consonant are equal likely.

what is the answer to r - 4.5 < 11

Answers

r - 4.5 < 11

r would be 15.5
[ r = 15.5 ]

Which of the following is closest to 1?


9/8
11/10
10/9
4/5
6/7

Answers

the second one is the correct answer

$16 for 4 books. How much would 12 books cost?

Answers

Answer:

$48

Step-by-step explanation:

you would first need to find what the cost of 1 book is so

16 divided by 4 is 4

so 1 book is $4

then you would need multiply the cost of one book by 12

so 4 times 12 is 48

so the cost would be $48

Answer:

192

Step-by-step explanation:

times

What is the vertex of the following: y=1/4x^2+2x+6

Answers

Answer:

Yea i definitly just lost brain cells

Step-by-step explanation:

What is the sum of 4.3943 and 5.4157?
A.9.71
C. 9.81
B.9.72
D.9.82​

Answers

Answer:

9.81

Step-by-step explanation:

You have to add them up: 4.3943 +

                                            5.4157

                                            ----------

                                            9.8100

C - 9.81 hope this helps:)

The scale factor of a model plane to the actual plane is 1 to 25.
Find the wing area of the model if the wing area of the actual plane is 300 ft2
.

Answers

Step-by-step explanation:

Length on model : Length on actual = 1 : 25

=> Area on model : Area on actual

= 1² : 25² = 1 : 625.

Therefore area on model = 300ft² * (1/625) = 0.48ft².

please help me<3
i will give brainliest to the right answer

Answers

Answer:

26.5

Step-by-step explanation:

Because the sales is $530 and the commission rate is 5%, the commission would be 5% of the sales, which would be $26.5

Which expression is equivalent to
-15163-3?Assume #w0D

Answers

Answer:

Second one.................

What is the solution to the system of equations?

Answers

Answer:

a

Step-by-step explanation:

a

The value of V-9 is not-3 because

Answers

Answer:

the answer is D

Step-by-step explanation:

√-9 ≠ -3

-3 ≠ √-9

(-3)² ≠ -9 ( proven )

9 ≠ -9

The value √-9 ≠ -3², option D is correct answer.

What is an imaginary number?

An imaginary number is a number that, when squared, has a negative result.

Given an expression, √-9

√-9 ≠ -3

-3 ≠ √-9

(-3)² ≠ -9

9 ≠ -9

Hence, √-9 ≠ -3²

For more references on imaginary number, click;

https://brainly.com/question/6748860

#SPJ2

John made 3 out of 12 attempted baskets in the game. What percentage of the shots did he make?

Answers

Answer:25 percent

Step-by-step explanation:

Answer:

25%

Step-by-step explanation:

3/12 as a present is 25%

determine if the triangles are congruent, if so, state the theorem

Answers

Angle-Angle-Side is the congruence theorem.

Answer:

last

Step-by-step explanation:

Is Angle Angle Side bacause you have

two vertical angle ≅ (A)

two 90° angles ≅(A)

two sides given ≅ (S)

What is the GCF of 88 and 66?

Answers

Answer:

the GCF would be 22 this is because that is 88 and 66 greatest common factor (gcf)

Step-by-step explanation:

have a good day!!

22 would be the greatest common factor

Santiago starts a savings account with $20. Each month he deposits $15 more into the account. Santiago wants to save a least $80. Write an inequality that represents this situation.

Answers

Answer:

$20 + $15m ≥ $80

Step-by-step explanation:

He starts off with $20.

He adds $15 each month, so $15m.

He wants to save at least $80, which means greater than or equal to $80. So, you use this symbol: ≥

Put it all together.

$20 + $15m ≥ $80

Hope that helps.

Solve the equation.
S- (- 20) = 19

Answers

Answer:

s = -1

Explanation:

s − (−20) = 19

[ Simplify both sides of the equation ]

s + 20 = 19

[ Subtract 20 from both sides ]

s + 20 − 20 = 19 − 20

s = −1

- PNW

Help me out in this question please

Answers

Answer:

The answer is D

Step-by-step explanation:

Which multiplication problem does the model represent?

A- 1/8 times 2

B- 7/8 times 2

C- 1/2 times 4

D- 1/4 times 8

The correct answer would be D- 1/4 times 8

This is the correct answer because if you look at the model, it shows 2 blocks of 1, and then 8 blocks of 1/4, which both equal 2, and the model does not say anything about the top row, only the bottom, and after process of elimination, you would be left with 1/4 times 8

What's the midpoint between 3 and -5

Answers

Answer:

Step-by-step explanation:

just imagine you are on a number line and the numbers are

-5....-4.....-3.....-2....-1....0....1....2.....3

as you see the midpoint is -1

Explain whether △ABC is congruent to △XYZ according to the angle side angle (ASA) congruence criteria.

Answers

Answer:

∆ABC and ∆XYZ cannot be proven to be congruent to each other according to the Angle-Side-Angle (ASA) Congruence criteria.

Step-by-step explanation:

The Angle-Side-Angle (ASA) Congruence criteria says that two triangles are congruent to each other if two angles and an included side of one triangle is congruent to two corresponding angles and a corresponding included side of the other triangle.

In the diagram given, the two angles were given (<B and <C), however, the side given (side AB) does not lie in the middle of <B and <C, hence it is NOT AN INCLUDED SIDE. The same applies to ∆XYZ.

Therefore, ∆ABC and ∆XYZ cannot be proven to be congruent to each other according to the Angle-Side-Angle (ASA) Congruence criteria.

Can somebody help me out ?? please ..

Answers

Y=35
Z=112
Hope this helps you and you have a good day and yes I did calculate this

CAN SOMEBODY HELP ME ASAP
For Cynthia's fourth lab report, she calculated the ratio of velocities before and after the impact of a basketball bouncing on a court. This measurement is called the coefficient of restitution. She got the following four values.

0.72
0.75
0.73
0.76
The accepted value is 0.77.
Cynthia's percent error was [blank]−−−−−−%.
Enter your answer as the number that correctly fills in the blank, rounded to two decimal places, like this: 42.53

Answers

Answer:

average of all four is 0.74 (add all 4 then divide by 4). take 0.77 minus 0.74. 0.03/0.77 times 100 = 3.8961% to two decimal places would be 3.90%

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