7. Mr. Johnson has decided they want to start selling textbooks. In the past, when they have soldthe textbook, they sold 30 calculators at $105 each. Through research they have found out thatfor every $5 increase, they will lose 3 sales.a. What is the maximum revenue?b. What price and quantity maximize revenue?

We will use concept for relative maximum or minimum To maximize or minimize a function f(x) 1st we…

Answered: Mr. Johnson has decided they want to…

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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Jane Corporation produces model toy cars. Each sells for $27.66. Its variable cost per unit is $15.13. Assuming it has a fixed cost of $350,840. What is the breakeven point for Jane Corporation?
What conclusion can you draw from a sales report that states that "sales this month were $14,000 more than four times the sales last month, which means that total sales for both months are $6,000 more than five times the sales last month"? Part 1. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. Let x represent the sales from this month and y represent the sales from last month, both in dollars. A. The solution is: x= ___ , y=____ (Simplify your answer. Type an integer or a decimal.) B.There are infinitely many solutions. C. There is no solution. Part 2 What conclusion can now be drawn about the sales report? Consider the answer above. A. The sales for this month and last month are represented accurately by x and y in the answer above. B. The sales report is inaccurate or was made up by someone. C. There were no sales in either month. D. There are an infinite amount of possibilities for the…
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charge 8. A wine warehouse expects to sell 30,000 bottles of wine each year. Each bottle costs $9, plus a fixed of $200 per order. If it costs $3 to store a bottle for a year, how many bottles should be ordered at a time and how many orders should the warehouse place in a year to minimize inventory costs?
2. Write a program that models a cashier at a store. The program will take two numbers as input. Firstly, the cost of an item ($20.00 or less). Secondly, the amount of money given to the cashier ($20.00 or less). The program should output the change given in 10 dollar bills, 5 dollar bills, 1 dollar bills, quarters, dimes, nickels, or pennies. You should output the highest denominations possible. For example, if the item costs $5.20 and the cashier is given $10 then the change should be 4 dollar bills 3 quarters 1 nickle
Tabitha manufactures a product that sells very well. The capacity of her facility is 207,000 units per year. The fixed costs are $157,000 per year and the variable costs are $14 per unit. The product currently sells for $16. a. What total revenue is required for a net income of $482,000 per year? Round to the nearest cent b. If sales were at 55% of the capacity and the variable costs decreased by 25%, what would be the net income per year? Round to the nearest cent
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