The weekly demand function for x units of a product sold by only one firm is
p = 800 − 0.5x dollars, and the average cost of production and sale is C(with a line on top) = 300 + 2x dollars.

(a) Find the quantity that will maximize profit.

(b) Find the selling price at this optimal quantity.

(c) What is the maximum profit?

Answers

Answer 1

Answer:

a) x = 798   is the quantity that maximizes the profit

b)po(x) = 401 $/unit

c)P(max ) = 636105 $

Step-by-step explanation:

The weekly demand function is equal to the price by unit and the Revenue function is weekly demand times quantity of units then:

R(x) = p(x) * x

R(x) = ( 800 - 0,5*x ) * x

R(x) = 800*x - 0,5*x²

The equation for the profit is:

P(x) = R(x) - C(x)

P(x) = 800*x - 0,5*x² - ( 300 + 2*x)

P(x) = 798*x - 0,5*x² - 300

a) P(x) = 798*x - 0,5*x² - 300

Taking derivatives on both sides of the equation:

P´(x) = 798 - x

If P´(x) = 0     then    798 - x = 0

x = 798   is the quantity that maximizes the profit

b) Selling price for the optimal quantity is:

p(x) = 800 - 0,5*x

p(x) = 800 - 0,5* 798

po (x) = 800 - 399

po(x) = 401 $/unit

c) Pmax = ?

P(x) = 798*x - 0,5*x² - 300    by subtitution of  x = 798

P(max) = 636804 - 399 - 300

P(max ) = 636105 $

Answer 2

a) The quantity that will maximize profit is [tex]100 \ units[/tex].

b) The selling of at this optimal quantity is [tex]\[/tex][tex]750[/tex] per unit.

c) So, the maximum profit is [tex]\[/tex][tex]25000[/tex].

Demand Function:

A demand function is a mathematical equation that expresses the demand for a product or service as a function of its price and other factors such as the prices of the substitutes and complementary goods, income, etc.

The given demand function,

[tex]P=800-\frac{1}{2}x[/tex]

So, the revenue function is,

[tex]R(x)=p.x\\R(x)=800-x-\frac{1}{2}x^{2}[/tex]

[tex]\Rightarrow[/tex]Average cost is

[tex]\bar{C}=300+2x[/tex]

So, the total cost function is,

[tex]C\left ( x \right )=\bar{C}.x \\ C\left ( x \right )=300x+2x^{2}[/tex]

a) Profit function:

[tex]P\left ( x \right )=R\left ( x \right )-C\left ( x \right ) \\ =800x-\frac{1}{2}x^{2}-300x-2x^{2} \\ P\left ( x \right )=500x-\frac{5}{2}x^{2}[/tex]

For maximum,

[tex]{P}'\left ( x \right )=0 \\ 500\left ( 1 \right )-\frac{5}{2}\left ( 2x \right )=0 \\ 500-5x=0 \\ x=100[/tex]

b) Selling Price:

[tex]P=800-\frac{1}{2}x \\ at \ x=100 \\ P=800-\frac{1}{2}\left ( 100 \right ) \\ =\$ 750[/tex]

c) Maximum Profit:

[tex]P\left ( x \right )=500x-\frac{5}{2}x^{2} \\ P\left ( 100 \right )=500\left ( 100 \right )-\frac{5}{2}\left ( 100 \right )^{2} \\ P\left ( 100 \right )=\$ 25000[/tex]

Learn more about of Demand Function: https://brainly.com/question/25938253


Related Questions

whats 62.7×2.45......?

Answers

Answer:

153.615

Step-by-step explanation:

62.7 × 2.45=153.615

Lines E, F, and G are parallel lines cut by transversal H as shown below. What is the value of
a+b+c+d?

Answers

Answer:

okay now i get it its not easy at first but look at it for a bit and yoll get it

Solve for x for the following pls!
1) 7+3x+1=4x+5
2) 8+2x+18=x+19
3) 6+2x+13=x+26
would appreciate it sm

Answers

Answer:

1.x=3

2. x= -7    

3. x=7

Step-by-step explanation:

HELP WITH NUMBER 6 ASAP PLEASE!!!!!!!

Answers

move point (-5,0) to (-4.0) and move point (7,1) to (8,1) so that the points pass the vertical line test. note that this points can be moved to others places too, these are just a few examples

Tell whether the sum is positive, negative, or zero without adding them.
-8 + 20

Answers

Answer:

The sum is positive.

Step-by-step explanation:

The 20 is a far greater value than -8, so no matter what, when you add them the sum will be positive. Though this would not be the same were the -8 greater than -20.

Hope this helps!

What’s the difference between m=change in y and change in x and m =y2-y1and x2-x1

Answers

it's the same thing

[tex]slope = \frac{Δy}{Δx} or \frac{change \: in \: y}{change \: in \: x} = \frac{y2 - y1}{x2 - x1} = \frac{rise}{run} [/tex]

Please find the area and circumference of
the circle below

Answers

Answer:

area: 153.86

Circumference: 43.96 :D

Step-by-step explanation:

a stone which is dropped into a dry well hits the bottom in 2.2s how deep is the well. take g=10m/s​

Answers

Answer:

23.7m

Step-by-step explanation:

Given parameters:

       Time taken = 2.2s

     Acceleration due to gravity = 10m/s

Unknown:

Depth of the well  = ?

Solution:

To solve this problem, we simply apply one of the motion equations;

        S = ut + [tex]\frac{1}{2}[/tex] gt²

    where S = depth of the well

                u = initial velocity

                t = time taken

               g = acceleration due to gravity

 Input the parameters and solve for S;

   Note initial velocity = 0;

     S = [tex]\frac{1}{2}[/tex] x 9.8 x 2.2²

    S = 23.7m

if a person ran 1/2 of a mile in 1/10 of an hour. How far will the person run in one (1) hour?

Answers

Step-by-step explanation:

In 1/10 of 1hr = 1/2 mile

10*(1/10) of 1hr = 10(1/2) mile

(10/10) of 1hr = (10/2) mile

1 of 1hr = 5mile

It says, he can run 5 miles in 1 hour

ax+6=15 a is a negative, what must be true about x?

Answers

Answer:

x= 9/a

Step-by-step explanation:

How do you find what p is?

Answers

Answer:

p > -3

Step-by-step explanation:

This is an alternating p-series.  It is absolutely convergent if│an│converges.  1 / nᵖ⁺³ converges if the exponent is greater than 1.

p + 3 > 1

p > -2

The series is conditionally convergent if │an│diverges.  1 / nᵖ⁺³ diverges if the exponent is greater than 0 and less than or equal to 1.

0 < p + 3 ≤ 1

-3 < p ≤ -2

Combining these two, we get p > -3.

guys what is 265 divided by 53

Answers

Answer:

5

Step-by-step explanation:

265/53= 5

Answer:

265÷53=5

Step-by-step explanation:

just get a calculator

BI
Challenge 2
A: Can you find the
area of the circle?
r=x +1
B: Can you find the
circumference of
the circle?

Answers

Answer:

Area of the circle = pi * r^2 = pi * (x+1) ^ 2

Circumference of the circle = 2* pi * r = 2*pi*(x+1)

Pls I need help ASAP

Answers

Answer:

the answer is 1/8

thank you

if you loved my answer then please like it and mark as brainliest

How can you use a number line to find the sum of -8 and 9?

Answers

Answer:

The answer is 1

Step-by-step explanation:

If you look at the number line and start counting from -8 and count 9 to the right then the number that you end on is the answer.

HELP MEEEE

Solve 1.43p + 2.2 = -4.001. Round your answer to the nearest hundredth. Show your work.

Answers

Answer:

p = -4.33636363636

Step-by-step explanation:

subtract 2.2 from -4.001 which equals -4.001-2.2=-6.201 and divide -6.201 by 1.43p and that equals -4.33636363636 so p = -4.33636363636

diride 660cm in the ratio of 5:6​

Answers

Answer:

Thus, the measure 660 cm is divided into 300 + 360 in the ratio of 5:6

Step-by-step explanation:

Equations

We are required to divide 660 cm in the ratio 5:6, or 5/6.

Let's call:

x = first part of 660

660 - x = second part of 660

The ratio between them is 5/6.

[tex]\displaystyle \frac{x}{660-x}=\frac{5}{6}[/tex]

The above equation will result in x as the smaller part of 660.

Multiply by (660-x)*6 to eliminate denominators:

[tex]\displaystyle (660-x)*6\cdot\frac{x}{660-x}=(660-x)*6\cdot\frac{5}{6}[/tex]

Operating:

[tex]6x=(660-x)*5[/tex]

[tex]6x=3300-5x[/tex]

Simplifying:

[tex]6x+5x=3300[/tex]

[tex]11x=3300[/tex]

Solving:

[tex]\displaystyle x=\frac{3300}{11}=300[/tex]

The other part is 660 - 300 = 360

Thus, the measure 660 cm is divided into 300 + 360 in the ratio of 5:6

Megan had $235.17 in her bank account. She withdrew $77.98 from the account to spend
on clothing. How much money does she have left in her bank account now?

Answers

Answer: 157.19

Step-by-step explanation:

157.19 that would be the answer

to be proportional, there must be a constant of proportionality

true or false

Answers

Answer:

True

Step-by-step explanation:

There must be a constant of proportionality.

Hope this helps!

I don't understand with this question, can you help me with this pls?

Answers

Answer:

By moving the decimal at the end of the number to the correct amount of places for x 10 you move it once to the right for x 100 you move it right twice.

Step-by-step explanation:

Aging workers of the Neotropical termite, Neocapritermes taracua, develop blue crystal containing glands ("backpacks") on their backs, When they fight intruding termites and are hampered, these "blue" termites explode, and the glands spew a sticky liquid (Sobotnik et al. 2012). The following data are from an experiment that measured the toxicity of the blue substance. A single drop of the liquid extracted from blue termites was placed on individuals of a second termite species, Labiotermes labralis, and the number that were immobilized (dead or paralyzed) within 60 minutes was recorded. The frequency of this outcome was compared with a control treatment in which liquid from glands of "white" termites lacking the blue crystals was dropped instead.
Is the blue liquid toxic compared to liquid from white termites?
Liquid source Unharmed Immobilized
Blue workers 3 37
White workers 31 9

Answers

Answer:

Yes blue liquid is toxic

Step-by-step explanation:

H0: p1 = p2

H1: p1>p2

For blue

We calculate proportion as

37/40 = 0.925

For white

9/40 = 0.2250

To get p

(X1 + x2)/(n1 + n2)

= 0.5750

After calculating the z as statistic (please check attachment) I got 6.33

P value = 0.0000

We reject null hypothesis and say in conclusion that enough evidence exists for us to say blu liquid is toxic!

Thank you!

If you have metamorphic rock and melt it, what does it become?

A. Magma
B. Minerals
C. Sedimentary Rock
D. Soil

Answers

Answer:  Magma

Step-by-step explanation:

When metamorphic rock melts it turns into magma.

Brandon enters bike race. He bikes 9 1/2 miles every 1/2 hour

Answers

Since there is no table given I will assume that what you want me to do is to show that Unit rate of Brandon’s biking. SO here are the data that we need: => 8 and ½ miles = 8.5 miles => ½ hour = .5 hours or 30 minutes Now, let’s solve for the unit rate => SO in every 30 minutes he bikes around 8.5 miles => Since 1 hour is equals to 30 minutes, simply multiply 8.5 by 2 => 8.5 * 2 = 17miles => 17 miles / hour
Hope this helps:)

(-8) X 2/3 i NEED the answer help me

Answers

-5.33333333333

I used a calulator can I get brainliest please

pwease help!! i need help to put the answers in the box c:

Answers

Answer:

6 months is: 15675

2 months is: 5172.75

1 month is: 2586.37

15 months is: 38795.62

the missing number is: 12 months

Step-by-step explanation:

Salena needs to purchase 9 skirts for a new job. her friend, Jamie goes with her each of the skirts costs $41. Salena says that she can find the total cost by multiplying 9 and 4 and adding that to product of 9 and 1. Jamie disagrees and says that she needs to find the product of 9 and 40 and add that to the product of 9 and 1. Who is correct and why?

Answers

Answer:

Jamie is correct. This is because 41 is a combination of 40 and 1. Salena thinks that the 4 is just a 4, however, the 4 is in the tens place, so the 41 without the 1 is 40. The answer to this 41 times 9 is 369. Not 45.

Step-by-step explanation:

Each skirt is $41

Salena needs 9

(9*40) + (9*1)

360   +   9

    $369

Restless Leg Syndrome and Fibromyalgia
People with restless leg syndrome have a strong urge to move their legs to stop uncomfortable sensations. People with fibromyalgia suffer pain and tenderness in joints throughout the body. A recent study indicates that people with fibromyalgia are much more likely to have restless leg syndrome than people without the disease. The study indicates that, for people with fibromyalgia, the probability is 0.33 of having restless leg syndrome, while for people without fibromyalgia, the probability is 0.03. About 2% of the population has fibromyalgia. Create a tree diagram from this information and use it to find the probability that a person with restless leg syndrome has fibromyalgia.

Answers

Answer:

The probability that a person with restless leg syndrome has fibromyalgia is 0.183.

Step-by-step explanation:

Denote the events as follows:

F = a person with fibromyalgia

R = a person having restless leg syndrome

The information provided is as follows:

P (R | F) = 0.33

P (R | F') = 0.03

P (F) = 0.02

Consider the tree diagram attached below.

Compute the probability that a person with restless leg syndrome has fibromyalgia as follows:

[tex]P(F|R)=\frac{P(R|F)P(F)}{P(R|F)P(F)+P(R|F')P(F')}[/tex]

            [tex]=\frac{(0.33\times 0.02)}{(0.33\times 0.02)+(0.03\times 0.98)}\\\\=\frac{0.0066}{0.0066+0.0294}\\\\=0.183333\\\\\approx 0.183[/tex]

Thus, the probability that a person with restless leg syndrome has fibromyalgia is 0.183.

Is f^-1(x) = x/9 - 5/9 a function?

Answers

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀_____________

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀;; ∥ • Given:

⠀[tex]f-¹(x)=\frac{x}{9}-\frac{5}{9}[/tex].

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀_____________

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀;; ∥ • To find out:

⠀Is a function [tex]f-¹(x)=\frac{x}{9}-\frac{5}{9}[/tex] or not.

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀_____________

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀;; ∥ • Hello, ZoFlo2020!

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀_____________

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀;; ∥ • Answer (Response Explanation):

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀_____________

⠀No, it is not. Such an example is not even possible to solve, to be honest. It doesn’t have a single solution to find at least an approximate part of its solution and answer.

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀_____________

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀;; ∥ • Sincerely, Your ElskerNorge! :)

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀_____________

Evaluate 8 ÷ -2 · 4²+9. Thanks! Will give brainiest if possible

Answers

the answer is -55 , because you have to simply the 14^2 to 16
For more anwsers for questions like these use math away love even thought the ads might be irritating it’s a great source ✨

The slope of a line is 15 and the point (3, -1) lies
on the line. Write an equation of the line in
point-slope form.

Answers

Answer:

The answer is

[tex] \huge y + 1 = 15(x - 3) \\ [/tex]

Step-by-step explanation:

To find an equation of a line in point slope form when given the slope and a point we use the formula

[tex]y - y_1 = m(x - x_1)[/tex]

where

m is the slope

( x1 , y1) is the point

From the question we have the final answer as

[tex]y + 1 = 15(x - 3)[/tex]

Hope this helps you

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