Packet onMt. Nittany Property Management Company and Happy Valley Rentals are two different businesses that manage numerous apartments aroundtown. Both companies use the same monthly profit model given byP(x) -10x²+ 1360x20300where x represents the number of apartments rented in a month and P(x) is in dollars.(a) Assuming Mt. Nittany Property Management Company manages 100 apartments, find the number of apartments they should rent out eachmonth to maximize profits and calculate their maximum monthly profits.Number of apartments -Maximum monthly profit=(b) Assuming Happy Valley Rentals manages 50 apartments, find the number of apartments they should rent out each month to maximizeprofits and calculate their maximum monthly profits.Number of apartments -Mximum monthly profitsSubmit Answerdollarsdollars

We have to given the model p(x) Then we find number of apartments and maximum profit

Answered: Packet on Mt. Nittany Property…

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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Suppose a widget manufacturer has the total cost function TC = 11475+41x and the total revenue function TR = 66x. The number of widgets that the manufacturer must sell to breakeven is
Machine A has a fixed daily cost of $60 and a variable cost of $1.00 per item produced. Machine B has a fixed daily cost of $10 and a variable cost of $1.50 per item produced. (a) What is the number of items x for which the total daily cost C (in dollars) of each machine will be the same? items(b) What is the total daily cost per machine for this number of items?
It is -12x2+1440x-13300 . Please if possible provide me in text so i can copy
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
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