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Solve the problem. 7) Each day the commuter train transports x passengers to or from the...
3. Listeners Paradise, a used CD store has daily fixed costs of $437 per day and 40 CDs cost $557 to produce. The CD’s sell for $12.50 each. (a) Find an equation for the total daily cost, C(x) (b) Find an equation for the total daily revenue, R(x). (c) Find an equation for the profit function, P(x). (d) Find the number of CD’s that must be sold daily in order to break even.
Solve the problem. A bakery makes and sells pastries. The fixed monthly cost to the bakery is $720. The cost for labor, taxes, and ingredients for the pastries amounts to S0.70 per pastry. The pastries sell for $1.60 each. Write a linear profit function representing the profit for producing and selling x pastries. OP(x) = 2.3x - 720 OP(x) = -0.9x + 720 OP(x) - 2.3x + 720 OP(x) = 0.9x + 720 O P(x) = 0.9x - 720
1. A vendor prepares 100.00 hotdogs every day and sells at $19.00 /piece. For each hot dog, he spends $12.00 in the raw material. Additionally he spends $1.97 for packing each hotdog and monthly $46.00, $20.00, $9.00 as food truck rent, electricity and other expenses respectively. On a particular day in June 114.00 people came wanting the hotdog. Vendor thinks $3.00 per lost sale. Determine vendor’s profit for that day? Assume there are 30 days in the month. 2.For a...
How do I solve this problem? 3. Skips provides repair services (R) using two inputs: labor (L), and tools (T). Skips' production function is R-L'4T1/4. Skips sells repair services a competitive market at a price of $100. Labor costs $1 per unit, and tools cost $5 per unit. a. Write down Skips' profit function. (2 points) a. b. suppose in the short run, tools are fixed at T-16. Find the first order condition for the short- run profit maximizing amount...
Question 5 3 pts Solve the problem. A bakery makes and sells pastries. The fixed monthly cost to the bakery is $720. The cost for labor, taxes, and ingredients for the pastries amounts to S0.70 per pastry. The pastries sell for $1.60 each. Write a linear profit function representing the profit for producing and selling x pastries. O P(x) = 2.3x - 720 OP(x) = -0.9x + 720 O P(x) = 2.3x + 720 OP(x) - 0.9x + 720 OP(x)...
2-6% each part Suppose we have opened a catfish hot dog stand at the mall which will be open 4 hours per day. We are test marketing our sales at various prices to attempt to determine the best price we should use for our catfish hot dogs. So, let: Price of the Number of y hot dogs $1.50 $3.00 $4.00 hot dogs sold 182 118 39 Notice that we have put these variables in the same order that we did...
Formulate the LP Problem, but do NOT solve: A furniture manufacturer makes armchairs and benches. The company has a maximum of 200 labor hours available in the Cutting Department, a maximum of 480 labor hours available in the Finishing Department, and a maximum of 150 labor hours available in the Packaging Department. Each armchair requires two hours in the Cutting Department, four hours in the Finishing Department and one hour in the Packaging Department. Each bench requires one hour in...
11) Each week a soft drink machine sells x cans of soda for $075/soda. The cost to the owner of the soda machin or each soda is So.10. The weekly fixed cost for maintaining the soda machine is $25/week. Write an equation tha relates the weekly profit, P, in dollars to the number of cans sold each week. Then use the equation to find the weekly profit when 92 cans of soda are sold in a week. A) P 0.65x-25;...
does.google com Mr. Smith is selling roses for valentine's day. He sells each dozen for $24.95. So far this month, he has sold 93 dozens. Let x represent the number of additional dozen of roses he expect to sell for the season. Let s(x) represent the amount of money he expect to receive for the entire season's sales. Write an equation for s(x).* Your answer Solve the system of equations below for x, y, z. * -a+3b-6c 20 a+4b-c= 15...
1. Determine the utilization and the efficiency for each of these situations: (a) A loan processing operation that processes an average of 6 loans per day. The operation has a design capacity of 10 loans per day and an effective capacity of 8 loans per day. (b) A furnace repair team that services an average of four furnaces a day if the design capacity is six furnaces a day and the effective capacity is five furnaces a day. Please solve...