question 67 only follows:C(q) =10,000,000+500q+0.04q² &R(q) = 2,500q – 0.01q²%3Da. Using the marginal approach, determine the profit-maximizing level of output q'.b. What is the maximum profit?Optimum & Inflection Points (62-67) - Draw the graphs of the following functions and/orrelations and identify the locations of the optimum and the inflection points using the 1st and the2nd derivatives.62) y = f(x)= / 4x – 10 = (4x–10)½sRelation only-363) y = f(x)=1- xRelation and Function, both64) y = f(x)=(2x-7)*Relation and Function, both65) y = f(x)= /10-4x = (10-–4x)½Relation onlyx²66) y = f(x)=1- x2Relation and Function, both67) y = f(x)=(2x-7)°3.Relation and Function, both68) Cost Minimization - The cost function of purchasing, owning and maintaining inventoryannually for a firm's product is C = f(q)=(4,860/q)+15q +75,000 where C denotes annualinventory cost in dollars, and q equals the number of units of products ordered each time thefirm replenishes the inventory.%3D%Da. Determine the ordo

Name: question 67 only follows:C(q) =10,000,000+500q+0.04q² &R(q) = 2,500q –
Uploaded: 2024-03-20T07:07:37.000Z
Channel: Bartleby
Description: question 67 only follows:C(q) =10,000,000+500q+0.04q² &R(q) = 2,500q – 0.01q²%3Da. Using the marginal approach, determine the profit-maximizing level of output q'.b. What is the maximum profit?Optimum & Inflection Points (62-67) - Draw the graphs of

Step:-1 Given that y=f(x)=2x-73 Graph of the function is Using graph, we can see this relation has…

Answered: 67) y = f(x)=(2x–7)

Math

Advanced Math

67) y = f(x)=(2x–7)

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter3: Functions

Section3.2: Domain And Range

Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...

See similar textbooks

Related questions

Q: 28. Performance Task A store records the price of kites in dollars, x, and the number of kites, y,…

A: Part A: Given information can be tabulated as, Price Quantity $10 25 $12 23 $15 20 $22…

Q: *** The grades of a sample of size 30 students in a general exam were as follow: Class Limit 15-25…

A: The relative frequency = frequency /total frequency

Q: QUESTION 19 Let the universe be Z. Let E denote the set of all even integers. Which of the following…

A: Given Universal set be ℤ

Q: Problem 6 1. Find eigenvalues and eigenvectorts of the following matris. B = Solution: 5 -9 2. Solve…

Q: Question 1 Evaluate the following integrals using residue theorem: (a) L (2² +9) (1 dz (x²+9)(x²+4)²…

A: You have explicitly written on the top of your question post that you want only Question 1 to be…

Q: (6) (a) Using the remainder theorem, determine whether (x – 4) and (x– 1) are factors of the…

A: We have to use remainder theorem then division algorithm.

Q: A sukvEr OF 324 VLAN TO APPLY To A 4-YEAR UNINGestrr- 105 LAN TO AYLY TO A 2-KEAR JUNIOR COLLEGE.…

A: Given Let A→4 year B→2 year A=324B=105A∩B=15

Q: Question 49

A: In this figure observe that where c(x)=0, there b(x) has maximum point. At the maximum point…

Q: Determine a matrix that will: a. Rename points from the blue coordinate system as points in the…

Q: 2. In commuting to work, a professor must first get on a bus near his house and then transfer to a…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: 3. Sylvia invested a total of $40,000. She invested part of the money in a certificate of deposit…

A: Let $x be amount she put in a certificate of deposite that earns 2% simple interest per year Let $y…

Q: Below are the range and standard deviation for a set of data. Use the range rule of thumb and…

A: 11. Range rule of thumb: SD=Range4

Q: Question 49 please

Q: Runzheimer International publishes data on overseas business travel costs. It reports that the…

A: The standard deviation will be obtained as given below:

Q: Anna Fisher and colleagues (Fisher et al., 2014) predicted that kindergarten students should learn…

A: The null hypothesis will claim that there is no difference between mean score H0:μ1=μ2 and the…

Q: #5. Find three inequalities to express each of the following regions in cylindrical coordinates: a)…

Q: Question 5: There are 5 lemon and 4 strawberry sweets in a bag. Hailey takes out a sweet at random,…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: a) San Francisco, California, 1906: 107.7- I b) Chile, 1960: 109.5. I c) Iran, 2003: 106.6. In d)…

Q: QUESTION 7 Consider the system of equations: 2.5x +2.8y +3 = 0 3.5x -1.6y-9.6 = 0. 7.1 Rewrite the…

A: We will find out the required value.

Q: 6. What is one of the distinctions between a population parameter and a sample statistic? a) A…

A: Here we have to find distribution between population parameter and a sample statistics.

Q: QUESTION 6 Heights of men on a baseball team have a bell-shaped distribution with a mean of 167 cm…

A: According to the empirical rule.

Q: 3. Post and solve, showing your work, any problem that you would like involving either the…

A: I solved a problem using Green's Theorem.

Q: Questions #3-#5 are based on the following sample of ages (in months) of 18 children at a day care:…

A: According to the given information, we have Data set =…

Q: s-1 2. Y(s) s2 +4s+5

A: Given that, Ys=s-1s2+4s+5

Q: 49. Dog Years. A dog's life span is typically much shorter than that of a human. The cubic function…

Topic Video

Question

question 67 only

follows:
C(q) =10,000,000+500q+0.04q² &
R(q) = 2,500q – 0.01q²
%3D
a. Using the marginal approach, determine the profit-maximizing level of output q'.
b. What is the maximum profit?
Optimum & Inflection Points (62-67) - Draw the graphs of the following functions and/or
relations and identify the locations of the optimum and the inflection points using the 1st and the
2nd derivatives.
62) y = f(x)= / 4x – 10 = (4x–10)½s
Relation only
-
3
63) y = f(x)=
1- x
Relation and Function, both
64) y = f(x)=(2x-7)*
Relation and Function, both
65) y = f(x)= /10-4x = (10-–4x)½
Relation only
x²
66) y = f(x)=
1- x
2
Relation and Function, both
67) y = f(x)=(2x-7)°
3.
Relation and Function, both
68) Cost Minimization - The cost function of purchasing, owning and maintaining inventory
annually for a firm's product is C = f(q)=(4,860/q)+15q +75,000 where C denotes annual
inventory cost in dollars, and q equals the number of units of products ordered each time the
firm replenishes the inventory.
%3D
%D
a. Determine the ordo

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Research Design Formulation$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.

Similar questions

bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
How are the absolute maximum and minimum similar to and different from the local extrema?
Can the average rate of change of a function be constant?
The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is determined when zero items are produced. Find the fixed cost for this item. b.What is the cost of making 25 items? c.Suppose the maximum cost allowed is SI500. What are the domain and range of the cost function, C(x) ?
Use the table of values you made in part 4 of the example to find the limiting value of the average rate of change in velocity.
The total cost, C, (in thousands of dollars) to make reading glasses is a function of the number of pairs of glasses made u (in thousands) and is given by C(u) = - 0.01 u²+2.35 · u + 13.12. = A. Find the marginal cost at the production level of 29 thousand and choose the correct units Select an answer (nearest 0.01) B. Which one is the best business interpretation of the marginal cost above Select an answer C. What is the average cost at the same production level? (nearest 0.01) D. At this production level if another pair of glasses are made the average cost will [Select an answer ✓
The demand function for a commodity is p(x)=8x+50 where x is the number of unites demanded and p is the unit price. Find the revenue function and evaluate its rate of change when the level of the production is between 40 and 50.
The marginal profit for a certain company is MP, (x) = – x² + 19x - 78. The company expects the daily production level to rise from x = 6 to x = 9 units. The management is considering a plan that would have the effect of changing the marginal profit to MP2(x) = -x² + 15x - 54. Should the company adopt the plan? Determine the area between the graphs of the two marginal profit functions from x = 6 to x = 9. Interpret this area in economic terms. Should the company adopt the plan that would make the marginal profit be MP2? A. It is impossible to tell using the given information. B. No, because the company's profit will be smaller under the new plan. Yes, because the company will make a larger profit under the new plan. The area between the graphs of the two marginal profit functions from x = 6 to x = 9 is sq. units.
The profit function for a pen manufacturer is given by P(x) = 790x – 0.3x², where x is the number of pens sold. Use th marginal profit function to estimate the profit obtained from selling the 501st pen. Do not include a dollar sign in your answer.