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Question: MAXIMIZING REVENUE The average revenue is defined as the function
R¯(x) = R(x)/x (x > 0)
Prove that if a revenue function R(x) is concave downward [R"(x) = 0], then the level of sales that will result in the largest average revenue occurs when R(x) = R'(x).
There are 30 homes in Neighborhood A. Each year, the number of homes increases by 20%. Just down the road, Neighborhood B has 45 homes. Each year, 3 new homes are built in Neighborhood B. Part A: Write functions to represent the number of homes in..
Find the range, mean, median, and mode of the dataset - what proportion of the data is within 1 standard deviation of the sample mean - What is the probability that you will get a sum of 27 at leasttwice?
The probability of being dealt two pairs in a five card poker hand is 0.0475. What are the odds of being dealt two pairs? Three fair coins are flipped. Outcomes in the sample space are represented by strings such as HHT, HTH, and TTT.
One week a computer store sold a total of 36 computers and external hard drives. The revenue from these sales was $28765 If computers sold for $1180 per unit and hard drives for $125 per unit, how many of each did the store sell? How many computer..
Problem 1: A bijection is an injective (one to one), surjective (onto) map between sets. If S = (0,1) and T = R, find a map from S to T which is (a) An injective but not surjective map, (b) a surjective but not injective map, (c) a bijection.
find the values of the trigonometric functions of theta if tantheta
Take a piece of paper that is .75 mm high, and rip it in half. Place the two halves on top of each other in a rip that in half; place all four pieces on top of each other and rip that in half... and repeat this process a total of 50 times.
Let C be the unit circle z=eiθ(- ∏ ≤ θ ≤ ∏). First show that for any real constant α. Then write this integral in terms of θ to derive the integration formula
The formula C = 5/9 (F -32) gives the Celsius temperature C in terms of the Fahrenheit temperature F. Transform the formula to find Fahrenheit temperature in terms of Celsius temperature. Then find the Fahrenheit temperature when the Celsius tempe..
What are the benefits of having the proper balance among the three levers of behavioral control: culture, rewards and incentives, and boundaries? The value of effective strategic control systems in strategy implementation.
Determine the depth of the channel below the existing ground level if the minimum cross section area of the channel is 8 m2 and hence determine the channel profile equation.
Let A and B be subsets of a universal set U and suppose n(U) = 360, n(A) = 140, n(B) = 70, and n(A B) = 40. Find the number of elements in the set.
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