Suppose a company has fixed costs of $53,200 and variable cost per unit ofx + 222 dollars, where x is the total number of units3.produced. Suppose further that th selling price of its product is 2150X-x dollars per unit.(a) Find the break-even points. (Enter your answers as a comma-separated list.)ed m(b) Find the maximum revenue. (Round your answer to the nearest cent.)$(c) Form the profit function P(x) from the cost and revenue functions.P(x) =%3DFind maximum profit.(d) What price will maximize the profit? (Round your answer to the nearest cent.)%24%24

Name: Suppose a company has fixed costs of $53,200 and variable cost per un
Uploaded: 2024-03-20T07:07:26.000Z
Channel: Bartleby
Description: Suppose a company has fixed costs of $53,200 and variable cost per unit ofx + 222 dollars, where x is the total number of units3.produced. Suppose further that th selling price of its product is 2150X-x dollars per unit.(a) Find the break-even point

Hey, since there are multiple subparts posted, we will answer the first 3 subparts. If you want any…

Math

Advanced Math

Suppose a company has fixed costs of $53,200 and variable cost per unit of + 222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2150 -x dollars per unit. (a) Find the break-even points. (Enter your answers aş a comma-separated list.) X = (b) Find the maximum revenue. (Round your answer to the nearest cent.) 24 (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find maximum profit. $4

Suppose a company has fixed costs of $53,200 and variable cost per unit of + 222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2150 -x dollars per unit. (a) Find the break-even points. (Enter your answers aş a comma-separated list.) X = (b) Find the maximum revenue. (Round your answer to the nearest cent.) 24 (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find maximum profit. $4

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Related questions

Q: A house painter has found that the number of jobs that he has each year is decreasing with respect…

Q: Find the x- and y-intercepts of the graph of the function f(x) = -4x+1| +8. Enter your answers as…

A: 1.The x-intercepts are the point where the graph intersects the x-axis.The value of the y-coordinate…

Q: The profit (SP) of selling a mobile phone is partly constant and partly varies directly as the…

Q: Finbar bought his home for $150,000 in 2010. Property values have increased 10% every year since he…

A: Given, in 2010 Finbar bought his home $150,000 property value increase 10% every year, To find the…

Q: A downtown parking lot charges $5 per hour for the first 2 hours, then $2.50 per hour after that.…

A: The charges are $5 per hour for the first two hours. The charges are $2.5 per hour after the first…

Q: Tina and Frank are tracking your TikTok followers. Tina creates the equation T(x)=3000 * 1.05x to…

A: Given that, Tina and Frank are tracking TikTok followers. Tina creates the equation, Tx=30001.05x ,…

Q: A company that manufactures small canoes has a fixed cost of $24,000. It costs $120 to produce each…

A: A company manufactures small canoes has a fixed cost of $24,000 and it costs $120 to produce each…

Q: The profit for a product is given by p = 2,050 +x² - 107x, where x is the number of units produced…

A: The objective of the question is to find the number of units that will give a break-even point,…

Q: The graph to the right shows the heart rate of a person watching a short romantic film, where x…

A: Answer: From the given graph, Highest peaks in the graph= maximum heart rate By looking at the…

Q: Find the point of diminishing returns for the revenue function

A: The objective here is to find the point of diminishing returns for the given revenue function:…

Q: Find the break-even point when the cost function is C=$20x+$3,235 and the revenue function is…

A: Givencost function C=20x+3535and revenue function R=293x

Q: y=10.3x+13.3 represents what a company will spend in millions on marketing, x is the number of years…

A: Given:

Q: For the given scenario, identify the type of growth as linear, exponential, or neith Ephraim owns a…

A: The given profit function is .The aim is to determine whether the given profit is linear,…

Q: A downtown parking lot charges $5 per hour for the first 2 hours, then $2.50 per hour after that.…

Topic Video

Question

Suppose a company has fixed costs of $53,200 and variable cost per unit of
x + 222 dollars, where x is the total number of units
3.
produced. Suppose further that th selling price of its product is 2150
X-
x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
ed m
(b) Find the maximum revenue. (Round your answer to the nearest cent.)
$
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
%3D
Find maximum profit.
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
%24
%24

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

Step 2

Step 3

Step 4

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Optimization$

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

A supplier of portable hair dryers will make x hundred units of hair dryers available in the market when the unit price is p = V16 + 4.2x dollars. Determine the producers' surplus if the market price is set at $10/unit. (Round your answer to two decimal places.) $ 50.24
1. A swimming pool is being drained. The table below shows the volume of water, y, in cubic feet, after x minutes of draining. y 8850 8200 7550 6990 6340 Which equation can be used to model the function shown in the table? A. y= 650x +8850 B y= 650x +9500 C y = - 65Qx + 8850 D y= -650x +9500 ere to search SAMSUNG F7 F8 F10 F11 F12 @ क 000 00
2. In 2012, the campus print center purchased a multi-function printer/copier for $12600, and a high capacity printer for $11000. The resale value of the multi-function machine is decreasing by $1800 per year and the resale value of the high capacity machine is decreasing by $1000 per year. a. Write an equation that gives the resale value, y, ofthe b. Write an equation that gives the resale value, y, of the multi-function machine x years after 2012. high capacity machine x years after 2012. c. Use your equations to determine the year in which the resale values of the two machines will be equal.
The height of Jocelyn's rocket, in feet, as a function of time, in seconds, is modeled by the equation J(t)=-16t^2+180t. The height of Kelly's rocket, in feet, as a function of time, in seconds, is modeled by the equation K(t)=-16t^2+240t. a. Evealuate J(3) b. Who would win a rocket launching contest by having the highest flying rocket? c. How much more time did it take for the second rocket to hit the ground? d. If we launch Kelly's rocket from a height of 12 feet how does that change Kelly's function K(t)?
If the price (in dollars) of a product is given by P(x) 1024 + 1500, where x represents the demand for the product, find the rate of change of price when the demand is 32 units.