MATHEMATICAL APPLICATIONS FOR THE MGT
12th Edition
ISBN: 9780357865095
Author: HARSHBARGER
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 10, Problem 33RE
To determine
To calculate: The maximum profit where the profit function is
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Calculus lll
May I please have an explanation about how to calculate the derivative of the surface (the dS) on the surface integral, and then explain the essentials of the surface integral?
For the Big-M tableau (of a maximization LP and row0 at bottom and M=1000),
Z
Ꮖ 1
x2
x3
81
82
83
e4
a4
RHS
0
7
0
0
1
0 4
3
-3
20
0
-4.5
0
0
0
1
-8 -2.5
2.5
6
0
7
0
1
0
0 8
3
-3
4
0
-1
50
1
0
0
0-2
-1
1
4
0000
0
30 970 200
If the original value of c₁ is increased by 60, what is the updated value of c₁ (meaning keeping the same set for BV. -10?
Having made that change, what is the new optimal value for ž?
32. Consider a normally distributed population with mean μ = 80
and standard deviation σ = 14.
a.
Construct the centerline and the upper and lower control
limits for the chart if samples of size 5 are used.
b. Repeat the analysis with samples of size 10.
2080 101
c. Discuss the effect of the sample size on the control limits.
Chapter 10 Solutions
MATHEMATICAL APPLICATIONS FOR THE MGT
Ch. 10.1 - 1. The x- values of critical points are found...Ch. 10.1 - Prob. 2CPCh. 10.1 - Prob. 3CPCh. 10.1 - Prob. 4CPCh. 10.1 - In Problems 1 and 2, use the indicated points on...Ch. 10.1 - In Problems 1 and 2, use the indicated points on...Ch. 10.1 - 3. Use the graph of in Problem 1 to identify at...Ch. 10.1 - 4. Use the graph of in Problem 2 to identify at...Ch. 10.1 - In Problems 5 and 6, use the sign diagram for to...Ch. 10.1 - In Problems 5 and 6, use the sign diagram for to...
Ch. 10.1 - In Problems 7-10, (a) find the critical values of...Ch. 10.1 - In Problems 7-10, (a) find the critical values of...Ch. 10.1 - In Problems 7-10, (a) find the critical values of...Ch. 10.1 - In Problems 7-10, (a) find the critical values of...Ch. 10.1 - For each function and graph in Problems 11-14
(a)...Ch. 10.1 - Prob. 12ECh. 10.1 - Prob. 13ECh. 10.1 - Prob. 14ECh. 10.1 - For each function in Problems 15-20
(a) find
(b)...Ch. 10.1 - For each function in Problems 15-20
(a) find
(b)...Ch. 10.1 - For each function in Problems 15-20
(a) find
(b)...Ch. 10.1 - For each function in Problems 15-20
(a) find
(b)...Ch. 10.1 - Prob. 19ECh. 10.1 - Prob. 20ECh. 10.1 - Prob. 21ECh. 10.1 - For each function and graph in Problems 21-24
(a)...Ch. 10.1 - Prob. 23ECh. 10.1 - Prob. 24ECh. 10.1 - For each function in Problems 25-30, find the...Ch. 10.1 - Prob. 26ECh. 10.1 - Prob. 27ECh. 10.1 - For each function in Problems 25-30, find the...Ch. 10.1 - Prob. 29ECh. 10.1 - Prob. 30ECh. 10.1 - Prob. 31ECh. 10.1 - Prob. 32ECh. 10.1 - Prob. 33ECh. 10.1 - In Problems 31-36, both a function and its...Ch. 10.1 - Prob. 35ECh. 10.1 - In Problems 31-36, both a function and its...Ch. 10.1 - Prob. 37ECh. 10.1 - Prob. 38ECh. 10.1 - Prob. 39ECh. 10.1 - Prob. 40ECh. 10.1 - Prob. 41ECh. 10.1 - Prob. 42ECh. 10.1 - Prob. 43ECh. 10.1 - Prob. 44ECh. 10.1 - Prob. 45ECh. 10.1 - In each of Problems 43-46, a graph of is given....Ch. 10.1 - Prob. 47ECh. 10.1 - Prob. 48ECh. 10.1 - 49. Advertising and sales Suppose that the daily...Ch. 10.1 - 50. Pricing and sales Suppose that a chain of auto...Ch. 10.1 - 51. Productivity A time study showed that, on...Ch. 10.1 - 52. Production Analysis of daily output of a...Ch. 10.1 - 53. Production costs Suppose that the average...Ch. 10.1 - 54. Average costs Suppose the average costs of a...Ch. 10.1 - 55. Marginal revenue Suppose the weekly marginal...Ch. 10.1 - 56. Earnings Suppose that the rate of change of...Ch. 10.1 - 57. Revenue The weekly revenue of a certain...Ch. 10.1 - 58. Medication Suppose that the concentration C of...Ch. 10.1 - Prob. 59ECh. 10.1 - 60. Medication The number of milligrams x of a...Ch. 10.1 - 61. Worldwide cell phone subscriberships In 2013,...Ch. 10.1 - 62. Economic dependency ratio The economic...Ch. 10.1 - Prob. 63ECh. 10.1 - 64. Modeling Energy from crude oil The table shows...Ch. 10.1 - Prob. 65ECh. 10.2 - 1. If then is concave__________.
Ch. 10.2 - 2. At what value of x does the graph have a point...Ch. 10.2 - 3. On the graph below, locate any points of...Ch. 10.2 - 4. Determine whether the following is true or...Ch. 10.2 - Prob. 1ECh. 10.2 - Prob. 2ECh. 10.2 - Prob. 3ECh. 10.2 - In Problems 1-4, determine whether each function...Ch. 10.2 - In Problems 5-10, use the indicated x-values on...Ch. 10.2 - In Problems 5-10, use the indicated x-values on...Ch. 10.2 - In Problems 5-10, use the indicated x-values on...Ch. 10.2 - In Problems 5-10, use the indicated x-values on...Ch. 10.2 - In Problems 5-10, use the indicated x-values on...Ch. 10.2 - Prob. 10ECh. 10.2 - Prob. 11ECh. 10.2 - Prob. 12ECh. 10.2 - In Problems 11-14, a function and its graph are...Ch. 10.2 - Prob. 14ECh. 10.2 - Prob. 15ECh. 10.2 - Prob. 16ECh. 10.2 - Prob. 17ECh. 10.2 - Prob. 18ECh. 10.2 - Find the relative maxima, relative minima, and...Ch. 10.2 - Find the relative maxima, relative minima, and...Ch. 10.2 - Prob. 21ECh. 10.2 - Prob. 22ECh. 10.2 - Prob. 23ECh. 10.2 - Prob. 24ECh. 10.2 - Prob. 25ECh. 10.2 - Prob. 26ECh. 10.2 - Prob. 27ECh. 10.2 - Prob. 28ECh. 10.2 - In Problems 29 and 30, use the graph shown in the...Ch. 10.2 - In Problems 29 and 30, use the graph shown in the...Ch. 10.2 - In Problems 31 and 32, a graph is given. Tell...Ch. 10.2 - Prob. 32ECh. 10.2 - Prob. 33ECh. 10.2 - Prob. 34ECh. 10.2 - Prob. 35ECh. 10.2 - Prob. 36ECh. 10.2 - 37. Production Suppose that the total number of...Ch. 10.2 - 38. Poiscuille's law—velocity of blood According...Ch. 10.2 - 39. Advertising and sales—diminishing returns...Ch. 10.2 - 40. Oxygen purity—diminishing returns Suppose that...Ch. 10.2 - Prob. 41ECh. 10.3 - 1. True or false: If is the total revenue...Ch. 10.3 - Prob. 2CPCh. 10.3 - Prob. 3CPCh. 10.3 - Prob. 4CPCh. 10.3 - Prob. 1ECh. 10.3 - Prob. 2ECh. 10.3 - In Problems 1-6, find the absolute maxima and...Ch. 10.3 - Prob. 4ECh. 10.3 - Prob. 5ECh. 10.3 - Prob. 6ECh. 10.3 - 7. (a) If the total revenue function for a hammer...Ch. 10.3 - 8. (a) If the total revenue function for a blender...Ch. 10.3 - 9. If the total revenue function for a computer is...Ch. 10.3 - 10. A firm has total revenues given by
for x...Ch. 10.3 - 11. An agency charges $100 per person for a trip...Ch. 10.3 - 12. A company handles an apartment building with...Ch. 10.3 - 13. A cable TV company has 4000 customers paying...Ch. 10.3 - 14. If club members charge $5 admission to a...Ch. 10.3 - Prob. 15ECh. 10.3 - 16. For the revenue function given by
(a) find...Ch. 10.3 - 17. If the total cost function for a lamp is ...Ch. 10.3 - 18. If the total cost function for a product is ...Ch. 10.3 - 19. If the total cost function for a product is ...Ch. 10.3 - Prob. 20ECh. 10.3 - 21. If the total cost function for a product is ...Ch. 10.3 - 22. If the total cost function for a product is ...Ch. 10.3 - 23. For the cost function , show that average...Ch. 10.3 - 24. For the cost function , show that average...Ch. 10.3 - The graphs in Problems 25 and 26 show total cost...Ch. 10.3 - Prob. 26ECh. 10.3 - 27. If the profit function for a product is ...Ch. 10.3 - 28. If the profit function for a commodity is ...Ch. 10.3 - 29. A manufacturer estimates that its product can...Ch. 10.3 - 30. A product can be produced at a total cost ...Ch. 10.3 - 31. A firm can produce only 1000 units per month....Ch. 10.3 - 32. A firm can produce 100 units per week. If its...Ch. 10.3 - 33. A company handles an apartment building with...Ch. 10.3 - 34. A travel agency will plan a tour for groups of...Ch. 10.3 - 35. A firm has monthly average costs, in dollars,...Ch. 10.3 - 36. A small business has weekly average costs, in...Ch. 10.3 - 37. The weekly demand function for x units of a...Ch. 10.3 - 38. The monthly demand function for x units of a...Ch. 10.3 - 39. The monthly demand function for a product sold...Ch. 10.3 - 40. The monthly demand function for x units of a...Ch. 10.3 - 41. An industry with a monopoly on a product has...Ch. 10.3 - 42. A large corporation with monopolistic control...Ch. 10.3 - 43. Coastal Soda Sales has been granted exclusive...Ch. 10.3 - 45. Marginal revenue and marginal cost The figure...Ch. 10.3 - Prob. 46ECh. 10.3 - Prob. 49ECh. 10.3 - Prob. 50ECh. 10.3 - Prob. 51ECh. 10.4 - Suppose we want to find the minimum value of and...Ch. 10.4 - Prob. 2CPCh. 10.4 - Prob. 3CPCh. 10.4 - 1. Return to sales The manufacturer of GRIPPER...Ch. 10.4 - 2. Projectiles A ball thrown into the air from a...Ch. 10.4 - 3. Profit The profit per acre from a grove of...Ch. 10.4 - 4. Reaction rates The velocity v of an...Ch. 10.4 - 5. Productivity Analysis of daily output of a...Ch. 10.4 - 6. Productivity A time study showed that, on...Ch. 10.4 - Prob. 7ECh. 10.4 - 8. Production costs Suppose that the monthly cost...Ch. 10.4 - Prob. 9ECh. 10.4 - Medication For Problems 9 and 10, consider that...Ch. 10.4 - 11. Advertising and sales An inferior product with...Ch. 10.4 - Prob. 12ECh. 10.4 - 13. News impact Suppose that the percent p (as a...Ch. 10.4 - 14. Candidate recognition Suppose that in an...Ch. 10.4 - 15. Minimum fence Two equal rectangular lots are...Ch. 10.4 - 16. Minimum fence The running yard for a dog...Ch. 10.4 - 17. Minimum cost A rectangular field with one side...Ch. 10.4 - 18. Minimum cost From a tract of land, a developer...Ch. 10.4 - 19. Optimization at a fixed cost A rectangular...Ch. 10.4 - 20. Minimum cost A 4-pen kennel of 640 square feet...Ch. 10.4 - 21. Minimum cost The base of a rectangular box is...Ch. 10.4 - Prob. 22ECh. 10.4 - 23. Inventory cost model Suppose that a company...Ch. 10.4 - 24. Inventory cost model Suppose that a company...Ch. 10.4 - 25. Inventory cost model A company needs 150,000...Ch. 10.4 - Prob. 26ECh. 10.4 - 27. Volume A rectangular box with a square base is...Ch. 10.4 - Prob. 28ECh. 10.4 - 29. Revenue The owner of an orange grove must...Ch. 10.4 - 30. Minimum material
(a) A box with an open top...Ch. 10.4 - 31. Minimum cost A printer has a contract to print...Ch. 10.4 - 32. Shortest time A vacationer on an island 8...Ch. 10.4 - Prob. 33ECh. 10.5 - Prob. 1CPCh. 10.5 - Prob. 2CPCh. 10.5 - In Problems 1-4, a function and its graph are...Ch. 10.5 - Prob. 2ECh. 10.5 - Prob. 3ECh. 10.5 - Prob. 4ECh. 10.5 - Prob. 5ECh. 10.5 - Prob. 6ECh. 10.5 - Prob. 7ECh. 10.5 - Prob. 8ECh. 10.5 - Prob. 9ECh. 10.5 - Prob. 10ECh. 10.5 - Prob. 11ECh. 10.5 - Prob. 12ECh. 10.5 - Prob. 13ECh. 10.5 - Prob. 14ECh. 10.5 - Prob. 15ECh. 10.5 - Prob. 16ECh. 10.5 - Prob. 17ECh. 10.5 - Prob. 18ECh. 10.5 - Prob. 19ECh. 10.5 - In Problems 19-24, a function and its first and...Ch. 10.5 - Prob. 21ECh. 10.5 - Prob. 22ECh. 10.5 - Prob. 23ECh. 10.5 - Prob. 24ECh. 10.5 - Prob. 25ECh. 10.5 - Prob. 26ECh. 10.5 - Prob. 27ECh. 10.5 - Prob. 28ECh. 10.5 - Prob. 29ECh. 10.5 - Prob. 30ECh. 10.5 - Prob. 31ECh. 10.5 - For each function in Problems 29-34, complete the...Ch. 10.5 - Prob. 33ECh. 10.5 - Prob. 34ECh. 10.5 - Prob. 35ECh. 10.5 - Prob. 36ECh. 10.5 - 37. Revenue A recently released film has its...Ch. 10.5 - Prob. 38ECh. 10.5 - Prob. 39ECh. 10.5 - 40. Profit An entrepreneur starts new companies...Ch. 10.5 - 41. Productivity The figure is a typical graph of...Ch. 10.5 - Prob. 42ECh. 10.5 - 43. Females in the workforce For selected years...Ch. 10 - In Problems 1-4, find all critical points and...Ch. 10 - Prob. 2RECh. 10 - Prob. 3RECh. 10 - Prob. 4RECh. 10 - Prob. 5RECh. 10 - Prob. 6RECh. 10 - Prob. 7RECh. 10 - Prob. 8RECh. 10 - Prob. 9RECh. 10 - Prob. 10RECh. 10 - Prob. 11RECh. 10 - Prob. 12RECh. 10 - Prob. 13RECh. 10 - Prob. 14RECh. 10 - Prob. 15RECh. 10 - Prob. 16RECh. 10 - Prob. 17RECh. 10 - Prob. 18RECh. 10 - Prob. 19RECh. 10 - Prob. 20RECh. 10 - Prob. 21RECh. 10 - Prob. 22RECh. 10 - Prob. 23RECh. 10 - Prob. 24RECh. 10 - Prob. 25RECh. 10 - Prob. 26RECh. 10 - Prob. 27RECh. 10 - Prob. 28RECh. 10 - Prob. 29RECh. 10 - Prob. 30RECh. 10 - Prob. 31RECh. 10 - Prob. 32RECh. 10 - Prob. 33RECh. 10 - Prob. 34RECh. 10 - Prob. 35RECh. 10 - Prob. 36RECh. 10 - Prob. 37RECh. 10 - 38. Productivity—diminishing returns Suppose the...Ch. 10 - Prob. 39RECh. 10 - Prob. 40RECh. 10 - Prob. 41RECh. 10 - Prob. 42RECh. 10 - Prob. 43RECh. 10 - Prob. 44RECh. 10 - 45. Reaction to a drug The reaction R to an...Ch. 10 - Prob. 46RECh. 10 - 47. Population Population estimates show that the...Ch. 10 - Prob. 48RECh. 10 - 49. Product design A playpen manufacturer wants to...Ch. 10 - Prob. 50RECh. 10 - Prob. 51RECh. 10 - Prob. 52RECh. 10 - 53. Inventory cost model A company needs to...Ch. 10 - Prob. 54RECh. 10 - Prob. 55RECh. 10 - Prob. 1TCh. 10 - Prob. 2TCh. 10 - Prob. 3TCh. 10 - Prob. 4TCh. 10 - Prob. 5TCh. 10 - Prob. 6TCh. 10 - Prob. 7TCh. 10 - Prob. 8TCh. 10 - 9. Use the following graph of y = f(x) and the...Ch. 10 - Prob. 10TCh. 10 - Prob. 11TCh. 10 - Prob. 12TCh. 10 - 13. The revenue function for a product is dollars...Ch. 10 - Prob. 14TCh. 10 - 15. A firm sells 100 TVs per month at $300 each,...Ch. 10 - 16. An open-top box is made by cutting squares...Ch. 10 - Prob. 17T
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Consider the following hypothesis test. The following results are for two independent samples taken from the two populations. Sample 1 Sample 2 n 1 = 80 n 2 = 70 x 1 = 104 x 2 = 106 σ 1 = 8.4 σ 2 = 7.6 What is the value of the test statistic? If required enter negative values as negative numbers (to 2 decimals). What is the p-value (to 4 decimals)? Use z-table. With = .05, what is your hypothesis testing conclusion?arrow_forwardPeriodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services (2000 Merrill Lynch Client Satisfaction Survey). Higher ratings on the client satisfaction survey indicate better service with 7 the maximum service rating. Independent samples of service ratings for two financial consultants are summarized here. Consultant A has 10 years of experience, whereas consultant B has 1 year of experience. Use = .05 and test to see whether the consultant with more experience has the higher population mean service rating. Consultant A Consultant B = 16 = 10 = 6.82 = 6.25 = .64 = .75 State the null and alternative hypotheses.H0: 1 - 2 Ha: 1 - 2 Compute the value of the test statistic (to 2 decimals). What is the p-value?The p-value is What is your conclusion?arrow_forwardA firm paid its first annual dividend yesterday in the amount of $.15 per share. The company plans to double the dividend in each of the next 3 years. Starting in Year 4, the firm plans to pay $1.50 per share indefinitely. What is one share of this stock worth today if the market rate of return on similar securities is 13.8 percent? Multiple Choice $11.79 $8.92 $10.77 $11.02 $10.26arrow_forward
- У1 = e is a solution to the differential equation xy" — (x+1)y' + y = 0. Use reduction of order to find the solution y(x) corresponding to the initial data y(1) = 1, y′ (1) = 0. Then sin(y(2.89)) is -0.381 0.270 -0.401 0.456 0.952 0.981 -0.152 0.942arrow_forwardHere is the optimal tableau for a standard Max problem. zx1 x2 x3 24 81 82 83 rhs 1 0 5 3 0 6 0 1 .3 7.5 0 - .1 .2 0 0 28 360 0 -8 522 0 2700 0 6 12 1 60 0 0 -1/15-3 1 1/15 -1/10 0 2 Using that the dual solution y = CBy B-1 and finding B = (B-¹)-¹ we find the original CBV and rhs b. The allowable increase for b₂ is If b₂ is increased by 3 then, using Dual Theorem, the new value for * is If c₂ is increased by 10, then the new value for optimal > is i.e. if no change to BV, then just a change to profit on selling product 2. The original coefficients c₁ = =☐ a and c4 = 5 If c4 is changed to 512, then (first adjusting other columns of row0 by adding Delta times row belonging to x4 or using B-matrix method to update row0) the new optimal value, after doing more simplex algorithm, for > isarrow_forward10 6 9. 8 -7- 6. 5. 4- 3. 2 1- -1 0 -1 2 3 4 ·10 5 6 7 00 8 6 10arrow_forward
- solve pleasearrow_forwardWeek 3: Mortgages and Amortiza X + rses/167748/assignments/5379530?module_item_id=23896312 11:59pm Points 10 Submitting an external tool Gider the following monthly amortization schedule: Payment # Payment Interest Debt Payment Balance 1 1,167.34 540.54 626.80 259,873.20 2 1,167.34 539.24 628.10 259,245.10 3 1,167.34 With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loa Round your answer to the nearest hundredth of a percent. Do NOT round until you calculate the final answer. * Previous a Earrow_forwardCafé Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Gary has gathered the following data, which show the numbers of these coffees sold over six different price values: Price Number Sold $2.70 765 $3.50 515 $2.00 990 $4.30 240 $3.10 325 $4.00 475 Using simple linear regression and given that the price per cup is $1.85, the forecasted demand for mocha latte coffees will be cups (enter your response rounded to one decimal place).arrow_forward
- The parametric equations of the function are given asx=asin²0, y = acos). Calculate [Let: a=anumerical coefficient] dy d²y and dx dx2arrow_forwardA tank contains 200 gal of fresh water. A solution containing 4 lb/gal of soluble lawn fertilizer runs into the tank at the rate of 1 gal/min, and the mixture is pumped out of the tank at the rate of 5 gal/min. Find the maximum amount of fertilizer in the tank and the time required to reach the maximum. Find the time required to reach the maximum amount of fertilizer in the tank. t= min (Type an integer or decimal rounded to the nearest tenth as needed.)arrow_forwardSuppose the random variable X is normally distributed with mean 80 and standard deviation 16. Find following probabilities. Find ‘b’ such that P(X ≥ b) = 0.975. Find the probability using a normal distribution table AND using ti-83 calculator. SHOW ALL STEPS PLEASE.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningAlgebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningAlgebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage

College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning

Algebra for College Students
Algebra
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
Finding Local Maxima and Minima by Differentiation; Author: Professor Dave Explains;https://www.youtube.com/watch?v=pvLj1s7SOtk;License: Standard YouTube License, CC-BY