(a) To plot: The graph of the profit as a function of the number of widgets manufactured in a week.

Question

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Answer 1

Question

Chapter 6.3, Problem 12E

To determine

(a)

To plot:

The graph of the profit as a function of the number of widgets manufactured in a week.

To determine

(b)

The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

To determine

(c)

The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

To determine

(d)

To find:

Number of widgets to be produced in a week to maximize profit.

To determine

(e)

The marginal profit at the production level found in part (d).

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The original idea for creating this applet comes from Steve Phelps' Graph the Line applet. Directions: 1) Examine the equation shown on the right side of the screen. 2) Reposition the 2 big points so that the line is the graph of the displayed equation. 3) Click the "Check Answer" checkbox to check. If you're correct, the app will inform you. If you're not, you'll know this as well. If you're not correct, keep trying until you position the gray line correctly. 4) After correctly graphing the line, click the "Generate New Line" button.

Problem 1 & 2 answers 1. One diagonal has 11 squares, then total square in total for two diagonal line is 11 + 11 - 1 = 21 . 2. Each part has 5 squares.(except middle)Multiply by 4: 5 × 4 = 20.Add the middle square: 20 + 1 = 21.

2. Now Figure out a different way you could determine how many squares there are in the figure, again without counting them all one-by-one. Briefly describe this other method:

Answer 2

Question

Chapter 6.3, Problem 12E

To determine

(a)

To plot:

The graph of the profit as a function of the number of widgets manufactured in a week.

To determine

(b)

The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

To determine

(c)

The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

To determine

(d)

To find:

Number of widgets to be produced in a week to maximize profit.

To determine

(e)

The marginal profit at the production level found in part (d).

Expert Solution & Answer

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Answer 3

Question

Chapter 6.3, Problem 12E

To determine

(a)

To plot:

The graph of the profit as a function of the number of widgets manufactured in a week.

To determine

(b)

The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

To determine

(c)

The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

To determine

(d)

To find:

Number of widgets to be produced in a week to maximize profit.

To determine

(e)

The marginal profit at the production level found in part (d).

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 6.3, Problem 12E

To determine

(a)

To plot:

The graph of the profit as a function of the number of widgets manufactured in a week.

To determine

(b)

The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

To determine

(c)

The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

To determine

(d)

To find:

Number of widgets to be produced in a week to maximize profit.

To determine

(e)

The marginal profit at the production level found in part (d).

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 6.3, Problem 12E

To determine

(a)

To plot:

The graph of the profit as a function of the number of widgets manufactured in a week.

To determine

(b)

The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

To determine

(c)

The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

To determine

(d)

To find:

Number of widgets to be produced in a week to maximize profit.

To determine

(e)

The marginal profit at the production level found in part (d).

Answer 6

Chapter 6.3, Problem 12E

To determine

(a)

To plot:

The graph of the profit as a function of the number of widgets manufactured in a week.

Answer 7

Chapter 6.3, Problem 12E

To determine

(a)

To plot:

The graph of the profit as a function of the number of widgets manufactured in a week.

Answer 8

To determine

(b)

The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

Answer 9

To determine

(b)

The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

Answer 10

To determine

(c)

The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

Answer 11

To determine

(c)

The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

Answer 12

To determine

(d)

To find:

Number of widgets to be produced in a week to maximize profit.

Answer 13

To determine

(d)

To find:

Number of widgets to be produced in a week to maximize profit.

Answer 14

To determine

(e)

The marginal profit at the production level found in part (d).

Answer 15

To determine

(e)

The marginal profit at the production level found in part (d).

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

(a) To plot: The graph of the profit as a function of the number of widgets manufactured in a week.

Solution Summary: The author explains how to plot the profit as a function of the number of widgets manufactured in the week.

(a)

To plot:

The graph of the profit as a function of the number of widgets manufactured in a week.

(b)

The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

(c)

The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

(d)

To find:

Number of widgets to be produced in a week to maximize profit.

(e)

The marginal profit at the production level found in part (d).

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Chapter 6 Solutions

(a) To plot: The graph of the profit as a function of the number of widgets manufactured in a week.

Solution Summary: The author explains how to plot the profit as a function of the number of widgets manufactured in the week.

(a) To plot: The graph of the profit as a function of the number of widgets manufactured in a week.

(b) The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

(c) The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

(d) To find: Number of widgets to be produced in a week to maximize profit.

(e) The marginal profit at the production level found in part (d).

Want to see the full answer?

Chapter 6 Solutions

(a)

To plot:

The graph of the profit as a function of the number of widgets manufactured in a week.

(b)

The marginal profit if the firm produces 10 widgets in a week, and meaning in practical terms.

(c)

The marginal profit if the firm produces 15 widgets in a week and meaning in practical terms.

(d)

To find:

Number of widgets to be produced in a week to maximize profit.

(e)

The marginal profit at the production level found in part (d).