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
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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).
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