Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C= 70 000 + 40x, R=300x- P=R-C 20 where the production output in 1 week is x calculators. If production is increasing at a rate of 600 calculators per week when production output is 4,000 calculators. Find the rate of increase (decrease) in cost revenue, and orofit A) Costs are v at the rate of $ per week at this production level (Simplify your answer)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by
C=70,000 + 40x, R=300x-
P=R-C
20
where the production output in 1 week is x calculators. If production is increasing at a rate of 600 calculators per week when production output is 4,000
calculators. Find the rate of increase (decrease) in cost. revenue. and profit.
...
A) Costs are
at the rate of S per week at this production level.
(Simplify your answer.)
Transcribed Image Text:Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C=70,000 + 40x, R=300x- P=R-C 20 where the production output in 1 week is x calculators. If production is increasing at a rate of 600 calculators per week when production output is 4,000 calculators. Find the rate of increase (decrease) in cost. revenue. and profit. ... A) Costs are at the rate of S per week at this production level. (Simplify your answer.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,