Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

The revenue and cost functions for producing as well as selling quantity x for the certain production facility are given below.

R(x) = 12x - x2

C(x) = 18 + 3x

a) Find out the profit function P(x).

b) Employ Excel to graph the functions R(x), C(x) and P(x) for interval 0≤ x ≤ 10. Copy and paste the graph below. Note: Employ Scatter plot with smooth lines and markers.

c) Compute the break-even quantities.

d) Find out the marginal revenue R'(x).

e) Find out the marginal cost C'(x)

f) At what quantity is profit maximized?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923229

Have any Question? 


Related Questions in Statistics and Probability

For planning purposes the landfill in mountainview

For planning purposes. the landfill in Mountainview estimates the weight of plastic to b e1.7 pounds per household each week. You have noticed a lit of plastics in the garbage in your neighborhood and want to test the cl ...

1 use your own random mu sigma to generate four sets of

1) Use your own random (μ, σ) to generate four sets of (normal-distribution based) random numbers (i.e., samples) of sizes n = 5, 20, 80, and 320, respectively. 2) Calculate the means and standard deviations for the 4 sa ...

Kindergarten children have heights that are approximately

Kindergarten children have heights that are approximately normally distributed about a mean of 38.8 inches and a standard deviation of 1.5 inches. If a random sample of 21 is taken, what is the probability that the sampl ...

Use a fast food restaurant and for 5 types of food from the

Use a fast food restaurant and for 5 types of food from the restaurant, list the fat grams and its total calories. Is there a linear relationship between the two variables? The double whopper has 900 calories and 56 gram ...

Starting in 1998 a series of credit card usage studies have

Starting in 1998, a series of credit card usage studies have been performed by Sallie Mae, a major provider of educational loans and savings programs. In a recent pilot study, a random pool of 122 loan applicants attendi ...

Suppose that the probability that a new medication will

Suppose that the probability that a new medication will cause a bad side effect is 0.03. If this medication is given to 150 people, what is the probability that exactly three of them will experience a bad side effect? Pl ...

Imagine that you are interested in the effects of

Imagine that you are interested in the effects of background music on people's performance at work. Design an experiment in which you test the effects of classical music (played at various decibels) on employees job ...

Experiments on learning in animals sometimes measure how

Experiments on learning in animals sometimes measure how long it takes a mouse to find its way through a maze. Long experience indicates that the mean time is 20 seconds for one particular maze. A researcher thinks that ...

1 a researcher has developed the hypothesis that teenagers

1. A researcher has developed the hypothesis that teenagers are better able to learn about and remember technological information than are older adults, whereas older adults are better able to remember information about ...

Suppose that a certain college class contains 65 students

Suppose that a certain college class contains 65 students. Of these, 35 are seniors, 33 are biology majors, and 5 are neither. A student is selected at random from the class. (a) What is the  probability  that the studen ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro