Find the maximum profit

Assignment Help Mathematics
Reference no: EM131899524

Country Motorbikes Incorporated finds that it costs $200 to produce each motorbike, and that fixed costs are $1600 per day. The price function is p(x) = 500 - 5x, where p is the price (in dollars) at which exactly x motorbikes will be sold. Find the quantity Country Motorbikes should produce and the price it should charge to maximize profit. Also find the maximum profit. Show all work.

Quantity:

Price:

Profit:

Reference no: EM131899524

Questions Cloud

Overview of strategies for promoting health and wellness : NSB303 Partnerships in Health and Illness Assessment Task - Digital poster on health promotion. An overview of strategies for promoting health and wellness
What annual nominal rate would produce : What annual nominal rate would produce the same growth if interest was compounded annually?
Determining the reinvestment matters : If at the end of a payment period the interest due is reinvested at the same rate, then the interest as well as the original principle will earn interest.
What does this study reveal about deviant behavior : Determine an experiment. Must be somewhat mild. Cannot fight or pretend to need medical attention.Conduct the experiment twice.
Find the maximum profit : Find the quantity Country Motorbikes should produce and the price it should charge to maximize profit. Also find the maximum profit. Show all work.
What risks are associated with data conversion : What risks are associated with data conversion? What controls should be considered in a data conversion process?
What is an estimate of mary kay annual growth rate : What is an estimate of Mary Kay's annual growth rate from the past 5-10 years?
What is the probability that it is a blue-glass marble : Half of the blue marbles are made of glass. A marble is selected at random from the bag. What is the probability that it is a blue, glass marble?
How the medical practice organizational performance : inancial benchmarking seeks to measure how the medical practice organizational performance and how it stacks up against competitors.

Reviews

Write a Review

Mathematics Questions & Answers

  Write an expression for the speed of particle at any time

Let v(t)=3t^2-12t be the velocity of a particle moving along the x-axis for time t, t>(less than or equal to)0 When t=0 the particle is at x=-6.

  Swindle and forgery involving a gm cash rebate program

Christy Pontiac, a corporation, was indicted for theft by swindle and forgery involving a GM cash rebate program. Hesli, a middle-management employee of Christy Pontiac, had forged the cash rebate applications for two cars so that the rebate money..

  Develop a model for the total profit

Manufacturer of mp3 players is preparing to set the price on a new model and demand is thought to depend on the price and is represented by the model

  Create an indicator variable for identical twin

Create an indicator variable for identical twin.

  Describe how the fibonacci numbers are related to the golden

Describe how the Fibonacci Numbers are related to the Golden Ratio. Also define the rigid motion "glide reflection."

  How many units will be sold after five years

During the first year, 5000 units were sold. The saturation point for the market is 30,000 units. That is, the limit of S as t → ∞ is 30,000. Solve for C and k in the model. How many units will be sold after 5 years?

  Develop a discrete mathematics course

How many ways are there to select a committee to develop a discrete mathematics course at a school if the committee is to consist of 3 faculty members from the mathematics department and 4 from the computer science department, if there are 9 facul..

  Define the hypotheses

while the fleet of yellow fire trucks made 135,035 runs and had 4 accidents. At α = .01, did the yellow fire trucks have a significantly lower accident rate? (a) State the hypotheses.

  How do you find the radius to the closest arc length

If you have a circle, and 2 arc lengths, one on the outer rim of the circle and the second arc length a distance of "X" units closer to the center, but you do NOT have the central angle, how do you find the radius to the closest arc length

  Breadth and their multiplication

Find perimeter of rectangle whose length is 3 more than breadth and their multiplication is 18

  Plant that had only one type of chlorophyll

What would you expect concerning the rate of photosynthesis for a plant that had only one type of chlorophyll? In regards to Biology 123

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd