The manufacturer of GRIPPER tires modeled its return to sales from television advertising expenditures in two regions, as follows:2Region 1: S₁ = 50+ 34x₁ - 0.8x₁²2Region 2: S₂ = 40 + 38x₂ - 1.1x₂²where S₁ and S₂ are the sales revenue in millions of dollars and X₁ and x₂ are millions of dollars of expenditures for television advertising. (Round your answers to three decimal places.)(a) What advertising expenditures would maximize sales revenue in each district?Region 1 $millionRegion 2 $million(b) How much money will be needed to maximize sales revenue in both districts?$million

Here we have to evaluate what advertising expenditure would maximize the sales revenue in both the…

Answered: The manufacturer of GRIPPER tires…

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

Similar questions

About 1/3 of Samuel’s paycheck goes to housing, 1/6 goes to utility bills, 1/8 goes for his car, and 1/5 goes for food. How much of his paycheck is left for entertainment?
A supply company charges for 90-liter drums using the demand function p(x)=20.9−1.6x What is the revenue function?
Between 2010 and 2016, the average rate of inflation was about 1.6% per year. If a cart of groceries cost $100 in 2010, what will it cost in 2025, assuming the rate of inflation remains constant at 1.6%?
A manufacturer of T-shirts has fixed costs of $3300 per month. These are monthly costs that are incurred no matter how many T-shirts are produced. There are variable costs of $8 per T-shirt. That is, it costs $8 to produce each additional T-shirt. T-shirts sell for $10 each. (a) The cost function gives the cost C, in dollars, of producing t T-shirts per month. Find a formula for the cost function. 8t+3300 (b) The revenue function gives the revenue R, in dollars, obtained from selling t T-shirts. Find a formula for the revenue function. (c) The break-even point is the number of T-shirts produced and sold that results in a net income of 0 dollars. That is when cost equals revenue. Find the break-even point for this manufacturer.
Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be modeled by the function y = 0.0682x² + 1.76x + 96.0 where x is the number of years past 2010 and y is the CPI in dollars. With a reference of 100 in 2012, a CPI of 120 in another year means that goods and services costing $100 in 2012 are expected to cost $120 in that other year (a) Use a table to determine a viewing window that shows a complete graph of this function for the years from 2010 to 2050. 2050 corresponds to an x value of which corresponds to a y value of The y maximum should be -Select-than this function value (b) Graph the function. y 300 250 200 150 100 50 0 y 300 250 200 150 100 50 X = Need Help? 51 F Partly sunny 10 10 20 Read It 20 30 30 T X 40 40 y 300 250 200 150 100 50 0 0 10 (c) Use the graph to estimate when the CPI is predicted to reach 250. (Round your answer to the nearest whole year.) years 20 30 Q Search 40 y 300 250 200…
Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. Last year the cost of goods sold at GR was $3,000,000. The average inventory in dollars was $250,000. (a) Calculate the inventory turnover for GR. (b) Calculate the weeks of supply. Assume 52 weeks per year. (c) Calculate the days of supply. Assume that GR operates 5 days per week.
. If the supply and demand functions for a commodity are given by 8 p − q = 290 and (p+2)q =5720, respectively, find the price that will result in market equilibrium.

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

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…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

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…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS