User Account

All Pages

Find the value of x that gives maximum profit

Assignment Help Business Economics
Reference no: EM132504853

An electric power plant uses solid waste for fuel in the production of electricity. The cost Y in dollars per hour to produce electricity is Y = 12 + 0.3X + 0.27X2, where X is in megawatts. Revenue in dollars per hour from the sale of electricity is 15X -0.2X2. Find the value of X that gives maximum profit.

Reference no: EM132504853

Questions Cloud

Briefly explain what happens to employers and employees : Briefly explain what happens to employers and employees when the CPI is upwardly biased (i.e. the CPI is estimated to be higher than what it should be).
Find customer satisfaction survey on a service organization : Find a customer satisfaction survey on a service organization's web site. Assess the utility of the information you can gather from the survey.
Find the effective annual irr being earned : Find the effective annual IRR being earned on this investment to the nearest percent.
Write an essay on the role of lpn and rn : Write a 750 words essay on the Role of LPN and RN. Include the following: Compare and contrast the scope of practice for the LPN and RN.
Find the value of x that gives maximum profit : Revenue in dollars per hour from the sale of electricity is 15X -0.2X2. Find the value of X that gives maximum profit.
What emerging country will product be adapted for : What Emerging Country will product be adapted for? Why would you select Brazil for this specific product? Identify Specific Target Markets within and across
Explain how changes in the price of goods : Explain how changes in the price of goods and consumer's Budget affect the budget line.
Production possibilities frontier : How is a budget line similar to a production possibilities frontier. How do they differ.
Explain the different possible profit outcome : Explain the different possible profit outcome for a perfectly competitive firm in the short-run versus the long-run.Explain why they occur.

Reviews

Write a Review

Business Economics Questions & Answers

  Chocolate bars every week

If the city government decides to give away 100 free chocolate bars every week, then the people of Rochester will eat 600 chocolate bars per week.

  Factors that monetary strategy makers

Compare your answers to part d of problem 2 with those of part a of this problem also elucidate why they are different

  How the strength of the economy as a whole could affect

Elucidate how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated with a decision to purchase a home.

  Pollution fees and marketable permits

Explain how the following two market-based incentives: Pollution fees and Marketable Permits provide a market based solution to Pollution in the U. S. Is this issue growing in importance? Why?

  Relationship between consumers and gas station owners change

Studies have fixed the short run price elasticity of demand for gasoline at the pump at -.20. Suppose the international hostilities lead to a sudden cutoff of crude oil supplies. As a result, US supplies of refined gas drop 10 percent. How would the ..

  Which factors make the strongest impact on personal labor

Which factors make the strongest impact on your personal labor productivity, or that of your closest family member, if you don't have a job? What actions can a person take to increase his or her labor productivity?

  Effects of decreasing government spending

Using an aggregate supply/aggregate demand model chart the short run effects of decreasing government spending (assuming you began in a short run and long run equilibrium)

  Qnow you want to improve the aggregate production function

q.now you want to improve the aggregate production function to increase the provide capacity of the economy. that is

  How does the hundreds and thousands of immigrants

How does the hundreds and thousands of immigrants, legal and illegal from around the world that come into the United States affect the country economically.

  Company sales force become more effective

In what ways does the Internet help a company's sales force become more effective? What might be a specific example at work place?

  Is there any way of inferring expected future exchange rates

Suppose you want to infer expected future exchange rates in a less-developed country that has free-market-determined interest rates but does not have a forward exchange market. Is there any or way of inferring expected future exchange rates. Unde..

  Advantages and disadvantages of giving unemployment benefits

What are the advantages and disadvantages of giving unemployment benefits to the unemployed in regards to employment rent

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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