ua Kali Products Ltd has been in operation for the last 10 years. Its annual revenue and cost functions take the form of quadratic functions. The following data was obtained from the records of the company for three years 2005, 2006 and 2007 2006 2007 2008 Units produced and sold ‘000’ 5 10 15 Revenue (Sh.’000) 1900 3600 5100 Cost ( Sh. ‘000) 7525 7100 6725 Determine the revenue and cost functions of the company
ua Kali Products Ltd has been in operation for the last 10 years. Its annual revenue and cost functions take the form of quadratic functions. The following data was obtained from the records of the company for three years 2005, 2006 and 2007 2006 2007 2008 Units produced and sold ‘000’ 5 10 15 Revenue (Sh.’000) 1900 3600 5100 Cost ( Sh. ‘000) 7525 7100 6725 Determine the revenue and cost functions of the company
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Jua Kali Products Ltd has been in operation for the last 10 years. Its annual revenue
and cost functions take the form of quadratic functions. The following data was
obtained from the records of the company for three years 2005, 2006 and 2007
2006 2007 2008
Units produced and sold ‘000’ 5 10 15
Revenue (Sh.’000) 1900 3600 5100
Cost ( Sh. ‘000) 7525 7100 6725
Determine the revenue and cost functions of the company
Transcribed Image Text:Quadratic equations can be solved using two methods
Factorisation
i.
-b±vb? -4ạc
Formula x =
2a
Ехamples
Solve the equation
I 2x -5x+3=0
2. x-9x+14=0
3.
3x+7=10
4 4r -10x+6=0
5. Jua Kali Products Ltd has been in operation for the last 10 years. Its annual rever
and cost functions take the form of quadratic functions. The following data
obtained from the records of the company for three years 2005, 2006 and 2007
2006
2007
2008
Units produced and sold 000'
Revenue (Sh. '000)
Cost ( Sh. *000)
10
15
1900
3600
5100
7525
7100
6725
Determine the revenue and cost functions of the company
6. The following information relate to Kathurima Ltd, a dealer in standard woo0
furniture on the outskirts of the city of Nairobi. The company realized profits of
120.000 from 7 tables, Sh. 124,000 from 9 tables and Sh. 113,000 from 4 tables m
Page 10 of 36
By Kimutai Glady:
BMS 100 MANAGEMENT MATHS I NOTES
and sold. Kathurima has now approached you for assistance in forecasting fu
profits. The profit function is believed to be quadratic in nature. What wil
Kathurima Ltd's profit function to be used in forecasting?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
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,
