1) Look at page 204 in the textbook for a discussion of Profit. Thecalculation of Profit in a business transaction is Revenue minusCost. Thus, if (x) items are sold at $8 each the Revenue wouldbe 8x. If the cost of (x) items is $2, then the profit would be 8x-2x.Saltwater taffy can be sold wholesale for $45 per thousandindividual candies. The cost of producing (x) thousand candies isC(x) = 0.5x² – 3x + 25.(a) What is the revenue function in this situation?(b) What is the profit function?(c) What number of candies will produce the largestprofit?(d) What is the maximum profit?

Answered: Image /qna-images/answer/5841b8b5-5468-4f03-b56d-351825f1ad87.jpg

Answered: 1) Look at page 204 in the textbook for…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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This is a two part question. Collin has a small business selling hotdogs at tennis matches. He purchases all of the materials to make each hotdog for $2.60 and has fixed costs at each match of $10. Collin sells each hotdog to customers for $3.60. At most he can produce 42 hotdogs at a match. (1) Draw a complete break-even chart of Collin's hotdog business. Your picture should have a dot on the break-even point and lines for total revenue, total cost, and fixed cost. y, Revenue/Cost ($) 150 140 130 120 110 100 90 80 70 60 50- 40 30- 20 10 24 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 x, Units
The gestation period of rabbits is about 29 to 35 days. Therefore the population of a form can increase dramatically in a short period of time. The table gives a population of a form we're tea is the time in months and then is the rabbit population.
theres four steps but i did the first one, so just do 2,3,&4 An appliance company has determined that the cost of producing ice cream makers is $25.50 per ice cream maker plus $27920 per month in fixed costs. The appliance company sells each ice cream maker for $200. Step 1 of 4: Find the revenue function. 200x Step 2 of 4: Find the cost function. Step 3 of 4: Find the profit function. Step 4 of 4: Find the break-even point.
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Q: The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below: Material (measured in square inches) Model 1 Model 2 Model 3 Material Available Cardstock 12 10 14 1200 Satin 24 20 15 2000 Plain fabric 40 40 30 7500 Leather 11 11 10 1000 Profit per model $50 $44 $40 a) Generate the Answer Report using SOLVER in EXCEL. Then, clearly answer what is the optimal solution? What is the resulting profit? b) Generate the Sensitivity Report for the model that you built. Interpret, in context, the Shadow Price for the Leather and the Satin constraints. Include units in your interpretations.
A company has $11,270 available per month for advertising. Newspaper ads cost $180 each and can't run more than 21 times per month. Radio ads cost $570 each and can't run more than 34 times per month at this price. Each newspaper ad reaches 7200 potential customers, and each radio ad reaches 7800 potential customers. The company wants to maximize the number of ad exposures to potential customers. Use n for number of Newspaper advertisements and r for number of Radio advertisements. subject to Maximize P - 21 <34 <$11, 270 Enter the solution below. If needed, round ads to 1 decimal palace and group exposure to the nearest whole person. Number of Newspaper ads to run is Number of Radio ads to run is Maximum target group exposure is people

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