Answer: $42,000
Explanation:
The total cost of Assembly is $168,000.
This is for the machine hours spent on both Antique and Modern clocks of:
= 3,600 + 1,200
= 4,800 hours
Modern clocks assembly costs would be:
= Modern clock machine hours / Total machine hours on assembly * Cost of assembly
= 1,200 / 4,800 * 168,000
= $42,000
A baseball team plays in a stadium that holds 54,000 spectators. With the ticket price at $10, the average attendance at recent games has been 21,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000.
(a) Find a function that models the revenue in terms of ticket price. (Let x represent the price of a ticket and R represent the revenue.) R(x) = _________
(b) Find the price that maximizes revenue from ticket sales. $______________
(c) What ticket price is so high that no revenue is generated? $___________
Answer:
a) R(x) = 51000 x - 3000 x²
b) When the Revenue is maximum, The price is $ 8.5
c) When No revenue is generated, The price of the ticket is $17
Explanation:
Given - A baseball team plays in a stadium that holds 54,000 spectators. With the ticket price at $10, the average attendance at recent games has been 21,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000.
To find - (a) Find a function that models the revenue in terms of ticket price.
(b) Find the price that maximizes revenue from ticket sales.
(c) What ticket price is so high that no revenue is generated?
Proof -
Let us assume that,
The price of a ticket = x
The revenue = R
Now,
a)
Total number of tickets sold , N = 21000 + 3000(10 - x)
= 21000 + 30000 - 3000 x
= 51000 - 3000 x
⇒Total number of tickets sold , N = 51000 - 3000 x
Now,
Revenue , R(x) = x * N
= x [ 51000 - 3000 x ]
= 51000 x - 3000 x²
⇒R(x) = 51000 x - 3000 x²
b)
For maximum Revenue,
Put [tex]\frac{dR(x)}{dx} = 0[/tex]
Now,
[tex]\frac{dR(x)}{dx}[/tex] = 51000 - 6000 x
⇒51000 - 6000 x = 0
⇒6000 x = 51000
⇒6x = 51
⇒x = [tex]\frac{51}{6}[/tex] = 8.5
∴ we get
When the Revenue is maximum, The price = $ 8.5
c)
If No Revenue is generated
⇒R(x) = 0
⇒51000 x - 3000 x² = 0
⇒1000 x ( 51 - 3 x ) = 0
⇒1000 x = 0, 51 - 3 x = 0
⇒x = 0, 3 x = 51
⇒x = 0, x = [tex]\frac{51}{3}[/tex]
⇒x = 0, x = 17
∴ we get
When No revenue is generated, The price of the ticket is $17
Differentiate between GVA at basic prices and expenditure on GDP at market price
Answer:
Explanation:However, GVA at basic prices will include production taxes and exclude production subsidies available on the commodity. On the other hand, GVA at factor cost includes no taxes and excludes no subsidies and GDP at market prices include both production and product taxes and excludes both production and product subsidies
What are the different career opportunities with being a environmental economist?
Answer:
Some of the important job roles that can be taken up by an Environmental Economist include Energy Economist, Ecological Economist, Agricultural Economist and Chief Economist.
Explanation:
please give me brain list and follow
please help meeeeeeeeeee
Granville Transportation, a designer and manufacturer of self-driving buses and streetcars, is working on developing the next generation of electric vehicles. Granville has chosen to focus on a narrow buyer segment of medium-sized cities with populations between 100,000 and 1,000,000, and is outcompeting rivals by manufacturing its vehicles at a lower cost via artificial intelligence-guided robots. Which of the five basic strategic approaches has Granville Transportation decided upon
Answer:
best-cost provider
Explanation:
The five basic strategic approaches has Granville Transportation decided upon are;
✓Broad low-cost strategy.
✓Best-cost strategy.
✓Broad differentiation strategy.
✓Focused differentiation strategy.
✓Focused low-cost strategy.
Best-cost provider strategy can as well be regarded as 'best-cost strategy', this strategy focused on how to get quality of products increased and reducing costs at the same time, it aims in providing customers with more value.
look at the picture
Okay, Lets get started.
For number one lets make a company named "Bluberry"
One way we use technology is for creating our websites, Employing people, and to talk to our workers.
2. BlueberryBoss and BerryPIcker
The rest I have no Idea how to help with.
plz,what is memorandum
Answer:
A written message in business or diplomacy.
Explanation:
I hope that this helps!! :)))