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For a certain company, the cost for producing z items is 40x +300 and the revenue for selling z items is 802-0.522. The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumes that a company wants to maximize its profit, or at least wants to make a profit! Part a: Set up an expression for the profit from producing and selling z items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratic polynomial.) Part b: Find two values of 2 that will create a profit of $50.

For a certain company, the cost for producing z items is 40x +300 and the revenue for selling z items is 802-0.522. The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumes that a company wants to maximize its profit, or at least wants to make a profit! Part a: Set up an expression for the profit from producing and selling z items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratic polynomial.) Part b: Find two values of 2 that will create a profit of $50.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Mobius-MAT ats/151251/0 Southern New X 3-1 zyBooks P X For a certain company, the cost for producing z items is 40x + 300 and the revenue for selling z items is 80-0.5.22. $ Instant Feedb. X The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumes that a company wants to maximize its profit, or at least wants to make a profit! Part a: Set up an expression for the profit from producing and selling a items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratic polynomial.) Part b: Find two values of a that will create a profit of $50. 1 D (120) You Tub x + The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or z+1; z-1). The order of the list does not matter. To enter a, type sqrt(a). V acer Next Unit Item Nov 11 4:11 0 US S
Transcribed Image Text:Mobius-MAT ats/151251/0 Southern New X 3-1 zyBooks P X For a certain company, the cost for producing z items is 40x + 300 and the revenue for selling z items is 80-0.5.22. $ Instant Feedb. X The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumes that a company wants to maximize its profit, or at least wants to make a profit! Part a: Set up an expression for the profit from producing and selling a items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratic polynomial.) Part b: Find two values of a that will create a profit of $50. 1 D (120) You Tub x + The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or z+1; z-1). The order of the list does not matter. To enter a, type sqrt(a). V acer Next Unit Item Nov 11 4:11 0 US S
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