Maximize profit for the demand and cost functions

Assignment Help Mathematics
Reference no: EM132077032

Find the price that will maximize profit for the demand and cost functions, where p is the price, x is the number of units, and C is the cost.

Demand Function 

p = 61 - 0.1(sqrt)x

Cost Function  

C = 31x + 500

$ _____________per unit

Find the price that will maximize profit for the demand and cost functions, where p is the price, x is the number of units, and C is the cost. (Round your answer to two decimal places.)

Demand Function

p = 2/(sqrt)x

Cost Function

C = 0.9x + 800

$ _________ per unit

Reference no: EM132077032

Questions Cloud

Find the lengths of the base and height of a triangle : Find the lengths of the base and height of a triangle which will maximize the area of a triangle under the constraint of those lengths summing to 5.
Flexible benefits and flexible spending accounts : What are the potential advantages of flexible benefits and flexible spending accounts? Are there any potential drawbacks?
Find the value of the original integral using series : Finally, explain how you would find the value of the original integral using this series.
How will you approach public relations : Who will be your target audience and where will you advertise? What will your message be? Will it differ based on geographic location?
Maximize profit for the demand and cost functions : Find the price that will maximize profit for the demand and cost functions, where p is the price, x is the number of units, and C is the cost.
Write a sales letter using monroe motivates sequence : Imagine a product that might solve a common problem in your industry of interest. Write a sales letter using Monroe's Motivates Sequence, targeting a potential.
What information do we need to do the next step : Use the tangent line to find an approximate solution to f(x) = 0. To use Newton's method, what information do we need to do the next step?
Compare a medium sized factory job that you used to have : Both places of employment are fairly equal in terms of innovation, however they both go about it in two pretty different ways.
How could student service learners contribute to the goals : Describe the organization's vision for the future as it relates to the social issue. Describe one or two specific actions the organization plans to take.

Reviews

Write a Review

Mathematics Questions & Answers

  Questions on ferris wheel

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Logistic map

This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.

  Finding the probability of cards

This assignment has questions related to probabiltiy.

  Systems of ode

Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.

  Derive the boolean expression

Derive the Boolean Expression and construct the switching circuit for the truth table stated

  System of equations

Evaluate which equations are under-identified, just-identified, and over-identified.

  Linear programming problem

Linear programming problem consisting of only two constraints with one objective function.

  Find the natural domain

Find the natural domain of the given functions.

  Introduction to numerical methods

Compute the coecients of the polynomials using the term recurrence relation.

  Chart of the topological manifold

De?nition of smoothness of functions on a smooth manifold is chart independent and hence geometric.

  Mathematics in computing

Questions related on mathematics in computing.

  Complex problems

Complex problems

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