The relationship between Northwood Realty's quarterly profit, P(x), and the amount of money x spent on...
MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The relationship between the amount of money that Canon Precision Instruments spends on advertising and the company's total sales is given by the following function where is measured in thousands of dollars S) - -0.002.00? + x + 500 x 200) Pind ), the rate of charge of the sales with respect to the amount of money spent on advertising S)- At whatrate in dollars per thousand dollars of advertising) are Canon's total...
12. Suppose Market A (left) represents the market for corn in the short run and Market B represents the market for corn (right) in the long run. Large scale negative publicity about the health effects of high fructose corn syrup would have a larger effect on the price of corn in which market? Assume that the effect of negative publicity is the same in both the short and the long run. X 50 50 40 40 MC 30 30 20...
Graphs of the cost C(x), revenue R(x) and the profit P(x), in thousands of dollars, are shown, where x is the number of thousands of items produced. (a) Use the graph to find the formula for the revenue R(x). (b) The profit is given by P(x) = – x2 + 15x² - 27x- 50. What is the formula for the cost function C(x)? (c) Report the fixed costs. (d) Report the minimum marginal cost. (e) What is the largest profit...
The profit p(x) of a cosmetics company , in thousands of dollars,is given by p(x)=-5x^2+400x-2550, where x is the amount spent on advertising , in thousands of dollarsa) determine the max profit the company can makeb)Determine the amount spent on advertising that will result in the max profitc)What amount must be spent on advertising to obtain a profit of at least $4 000 000
QUESTION 7 Figure: The vertical distance between points A and C represents a tax in the market. T Price Supply 1000 900+ 800 700+ 600 + 500+ 400 300 C 200+ 100 Demand 10 20 30 40 50 60 70 80 90 100110 Quantty Refer to Figure. After the taxes a. there will be a loss to the consumers of the amount $4,000. Б. there will be a loss to the consumers of the amount S6,000. Cthere will be a...
Happyland is the only theme park in the nation. The table sets out the demand schedule for passes and the cost schedule for running the theme park. At the market equilibrium, no children under 10 years old visit the theme park. Happyland offers children a discount of 50 percent, which brings in more families. This discount ______ consumer surplus and ______ producer surplus. A. decreases; increases B. increases; increases C. increases; decreases D. decreases; decreases Happyland is ▼ more/less(choose)...
Section 3.3 10. There is a relationship between the height and the volume of wood in a tree a) Use regression to find a power equation to model the data. Round the numbers in your equation to 2 decimal places. b) Use your equation to find the height a tree should be to have a volume of 300 ft, rounded to the nearest tenth. c) Use your equation to find the height a tree should be to have a volume...
QUESTION 3 Figure Price Supply P K I P" P B M N Demand Quantity Refer to Figure. If the government imposes a tax size of P- P" in the above market then the area L+M+Y represents a. consumer surplus after the tax. producer surplus after the tax. Cconsumer surplus before the tax. producer surplus before the tax. QUESTION 4 4 point Figure Supply Dennd Quantity Q1 02 Q3 Q Qs Refer to Figure. If the government impose a tax...
The profit P (in dollars) from selling x units of a product is given by the function below. P 35,000+2077 x 8x2 150 x s 275 Find the marginal profit for each of the following sales. (Round your answers to two decimal places.) (a) = 150 P(150) $ (b) x 175 P(175)$ (c) X-200 P(200) $ (d) X 225 P(225) $ (e) x250 P(250) $ (f x275 P(275) $ Need Help? Read It Watch It Talk to a Tutor The...
How many have had the disease by day ? _______________ have had the disease by day . (c) How many have had the disease by the time the epidemic is over? _______________ have had the disease by the time the epidemic is over. The following figure shows the number of susceptibles and infecteds in a population of 4000 through the course of a 60-day epidemic. susceptibles 4000 3000 2000 1000 0 time (days) 10 20 30 40 50 60 infecteds...