User Account

All Pages

What is the maximum profit if each item is sold

Assignment Help Mathematics
Reference no: EM131604442

Question: The total cost C(q) of producing q goods is given by:

C(q) = 0.01q3 - 0.6q2 + 13q

(a) What is the fixed cost?

(b) What is the maximum profit if each item is sold for $7? (Assume you sell everything you produce.)

(c) Suppose exactly 34 goods are produced. They all sell when the price is $7 each, but for each $1 increase in price, 2 fewer goods are sold. Should the price be raised, and if so by how much?

Reference no: EM131604442

Questions Cloud

Compute net cash provided by operations : Using only the amounts given, compute net cash provided by operations, both without and with the reclassification of the receivables
American cancer society : American Cancer Society (ACS) is committed to helping people stay well and get well by finding cures and by fighting back.
Determine economic service life and respective aw : Determine the economic service life and the respective AW.
Write a subclass evolvablecutecreature : Write a client program that creates some EvolvableCuteCreature objects and tests your methods. You should especially focus on testing
What is the maximum profit if each item is sold : Suppose exactly 34 goods are produced. They all sell when the price is $7 each, but for each $1 increase in price, 2 fewer goods are sold.
What would you recommend to reach their goals : What would you recommend to reach their goals now and in retirement? How does risk return relationship of suggested changes compare to the existing portfolios?
Explain mental illness change during the middle ages : In what way did the treatment of abnormal behavior and mental illness change during the Middle Ages
Do the given quantities maximize profit for the company : The marginal revenue and marginal cost for a certain item are graphed in Figure. Do the following quantities maximize profit for the company?
Describe the aspects of qualitative research : Describe the aspects of qualitative research and the elements of design that contribute to the rigor of the work

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!

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