The daily revenue R achieved by selling x boxes of candy is figured to be R ( x ) = 9 .5 x − 0.04 x 2 . The daily cost C of selling x boxes of candy is C ( x ) = 1 .25 x + 2 50 a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

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Answer 1

Question

Chapter 4.3, Problem 90AE

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

b. Profit is given as $P (x) = R (x) - C (x)$ .What is the profit function?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

d. Provide a reasonable explanation as to why the answers found in parts a and c differ. Explain why a quadratic function is a reasonable model for revenue.

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Answer 2

Question

Chapter 4.3, Problem 90AE

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

b. Profit is given as $P (x) = R (x) - C (x)$ .What is the profit function?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

d. Provide a reasonable explanation as to why the answers found in parts a and c differ. Explain why a quadratic function is a reasonable model for revenue.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 4.3, Problem 90AE

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

b. Profit is given as $P (x) = R (x) - C (x)$ .What is the profit function?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

d. Provide a reasonable explanation as to why the answers found in parts a and c differ. Explain why a quadratic function is a reasonable model for revenue.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 4.3, Problem 90AE

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

b. Profit is given as $P (x) = R (x) - C (x)$ .What is the profit function?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

d. Provide a reasonable explanation as to why the answers found in parts a and c differ. Explain why a quadratic function is a reasonable model for revenue.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 4.3, Problem 90AE

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

b. Profit is given as $P (x) = R (x) - C (x)$ .What is the profit function?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

d. Provide a reasonable explanation as to why the answers found in parts a and c differ. Explain why a quadratic function is a reasonable model for revenue.

Answer 6

Chapter 4.3, Problem 90AE

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

Answer 7

Chapter 4.3, Problem 90AE

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

Answer 8

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

b. Profit is given as $P (x) = R (x) - C (x)$ .What is the profit function?

Answer 9

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

b. Profit is given as $P (x) = R (x) - C (x)$ .What is the profit function?

Answer 10

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?

Answer 11

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?

Answer 12

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

d. Provide a reasonable explanation as to why the answers found in parts a and c differ. Explain why a quadratic function is a reasonable model for revenue.

Answer 13

To determine

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

d. Provide a reasonable explanation as to why the answers found in parts a and c differ. Explain why a quadratic function is a reasonable model for revenue.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 4.1 - Prob. 1AYP Ch. 4.1 - Prob. 2AYP Ch. 4.1 - Prob. 3AYP Ch. 4.1 - Prob. 4AYP Ch. 4.1 - Prob. 5AYP Ch. 4.1 - Prob. 6AYP Ch. 4.1 - Prob. 7CV Ch. 4.1 - Prob. 8CV Ch. 4.1 - Prob. 9CV Ch. 4.1 - Prob. 10CV

The daily revenue R achieved by selling x boxes of candy is figured to be R ( x ) = 9 .5 x − 0.04 x 2 . The daily cost C of selling x boxes of candy is C ( x ) = 1 .25 x + 2 50 a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

To find: The daily revenue R achieved by selling x boxes of candy is figured to be R(x) = 9.5x − 0.04 x 2 . The daily cost C of selling x boxes of candy is C( x ) = 1.25x + 250 a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

To find: The daily revenue R achieved by selling x boxes of candy is figured to be R(x) = 9.5x − 0.04 x 2 . The daily cost C of selling x boxes of candy is C( x ) = 1.25x + 250 b. Profit is given as P( x ) = R( x ) − C( x ) .What is the profit function?

To find: The daily revenue R achieved by selling x boxes of candy is figured to be R(x) = 9.5x − 0.04 x 2 . The daily cost C of selling x boxes of candy is C( x ) = 1.25x + 250 c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?

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Chapter 4 Solutions

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

a. How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue?

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

b. Profit is given as $P (x) = R (x) - C (x)$ .What is the profit function?

To find: The daily revenue $R$ achieved by selling $x$ boxes of candy is figured to be $R (x) = 9 .5 x - 0.04 x^{2}$ . The daily cost $C$ of selling $x$ boxes of candy is

$C (x) = 1 .25 x + 250$

c. How many boxes of candy must the firm sell to maximize profit? What is the maximum profit?