Profit. The financial department for the company in Problems 86 and 88 established the following cost function for producing and selling x thousand notebook computers: C x = 4 , 000 + 500 x thousand dollars (a) Write a profit function for producing and selling x thousand notebook computers and indicate its domain. (b) Complete Table 13 , computing profits to the nearest thousand dollars. (c) Plot the points in part (B) and sketch a graph of the profit function using these points.
Profit. The financial department for the company in Problems 86 and 88 established the following cost function for producing and selling x thousand notebook computers: C x = 4 , 000 + 500 x thousand dollars (a) Write a profit function for producing and selling x thousand notebook computers and indicate its domain. (b) Complete Table 13 , computing profits to the nearest thousand dollars. (c) Plot the points in part (B) and sketch a graph of the profit function using these points.
Solution Summary: The author calculates the profit function and its domain, if the price demand and the cost function are p(x)=2000-60x,1le
Profit. The financial department for the company in Problems
86
and
88
established the following cost function for producing and selling
x
thousand notebook computers:
C
x
=
4
,
000
+
500
x
thousand dollars
(a) Write a profit function for producing and selling
x
thousand notebook computers and indicate its domain.
(b) Complete Table
13
, computing profits to the nearest thousand dollars.
(c) Plot the points in part (B) and sketch a graph of the profit function using these points.
Obtain the linear equation for trend for
time series with St² = 140, Ey = 16.91 and
Σty= 62.02, m n = 7
1: Kevin Williams earns a weekly wage of $740. During the most recent week, he worked 42 hours.
Regular Wage Rate = $
18.50
Overtime Wage Rate = $
27.75
2: Charles Joyner earns a biweekly wage of $2,720. During the most recent week, he worked 45 hours.
Regular Wage Rate = $
Overtime Wage Rate = $_
34.00
51.00
3: Julio Valdez earns an annual salary of $81,000. During the most recent week, he worked 44 hours.
Regular Wage Rate = $
Overtime Wage Rate = $
38.94
58.41
4: Bridget Stein earns a monthly salary of $6,200. During the most recent week, she worked 56 hours.
Regular Wage Rate = $
27.50
Overtime Wage Rate = $
41.25
5: Betsy Cranston earns a semimonthly salary of $2,200. During the most recent week, she worked 49 hours.
Regular Wage Rate = $
Overtime Wage Rate = $_
1,100.00
41.25
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Chapter 2 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
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