PROFIT FUNCTION FOR LIGHT BULBS The management of TMI finds that the monthly fixed costs attributable to the production of their 100 watt light bulbs is $ 12 , 100.00 . If the cost of producing each twin-pack of light bulbs is $ 0.60 and each twin pack sells for $ 1.15 , find the company’s cost function, and profit function.
PROFIT FUNCTION FOR LIGHT BULBS The management of TMI finds that the monthly fixed costs attributable to the production of their 100 watt light bulbs is $ 12 , 100.00 . If the cost of producing each twin-pack of light bulbs is $ 0.60 and each twin pack sells for $ 1.15 , find the company’s cost function, and profit function.
Solution Summary: The author explains how to determine monthly fixed cost, cost finction, revenue function, and profit function.
PROFIT FUNCTION FOR LIGHT BULBS The management of TMI finds that the monthly fixed costs attributable to the production of their
100
watt light bulbs is
$
12
,
100.00
. If the cost of producing each twin-pack of light bulbs is
$
0.60
and each twin pack sells for
$
1.15
, find the company’s cost function, and profit function.
~
exp(10). A
3. Claim number per policy is modelled by Poisson(A) with A
sample x of N = 100 policies presents an average = 4 claims per policy.
(i) Compute an a priory estimate of numbers of claims per policy.
[2 Marks]
(ii) Determine the posterior distribution of A. Give your argument.
[5 Marks]
(iii) Compute an a posteriori estimate of numbers of claims per policy.
[3 Marks]
How can I prepare for me Unit 3 test in algebra 1? I am in 9th grade.
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