The profit for a product is given by P(x)equals=negative 11 x squared plus 1320 x minus 38 comma 500−11x2+1320x−38,500, where x is the number of units produced and sold. How many units give break even (that is, give zero profit) for this product?
for break even take P(x)=0
when 50 and 70 units are sold then break even occurs
The profit for a product is given by P(x)equals=negative 11 x squared plus 1320 x minus...
Let f left parenthesis x comma y right parenthesis equals x squared plus y squared minus 2 y plus 1 and let R colon x squared plus y squared less or equal than space 4, shown below Let f(x,y) = x2 + y2 – 2y +1 and let R:x2 + y2 < 4, shown below. + Find the absolute extrema for f on R. f has an absolute maximum value of f has an absolute minimum value of **You only...
The total revenue function for a product is given by R=655x dollars, and the total cost function for this same product is given by C=19,250+70x+x2, where C is measured in dollars. For both functions, the input x is the number of units produced and sold. a. Form the profit function for this product from the two given functions. b. What is the profit when 25 units are produced and sold? c. What is the profit when 43 units are produced...
the profit for a product can be described by the function p(x)=-0.4x^2+280-24000, where ex is the number of units produced and sold. (a) to maximize profit, how many units must be produced and sold? (b) What it the maximum possible profit? (c) Producing and selling how many units will result in a profit of at least $9000?
Use the equation m Subscript PQ Baseline equals StartFraction f left parenthesis x 1 plus h right parenthesis minus f left parenthesis x 1 right parenthesis Over h EndFraction mPQ= fx1+h−fx1 h to calculate the slope of a line tangent to the curve of the function y equals f left parenthesis x right parenthesis equals 2 x squared y=f(x)=2x2 at the point Upper P left parenthesis x 1 comma y 1 right parenthesis equals Upper P left parenthesis 3 comma...
The profit from the sale of x units is P(x)=80x−1200−x^2 a) How many units do they need to sell in order to break even? Enter your answers separated by a comma. b) What production level maximizes profit, and what is the profit? Production level = Profit = $
AQ2 Data Units [x] Cost [C] Rev [R] Profit [P] 100 260000 47500 -212500 250 275000 109375 -165625 500 300000 187500 -112500 800 330000 240000 -90000 1000 350000 250000 -100000 1200 370000 240000 -130000 1300 380000 227500 -152500 As your Division’s Chief economist, you perform a periodic review of the current total Cost "C", Revenue "R" and Profit "P" models associated with one of the Division's newest, but possibly underperforming, product lines. Among other important questions, you would like answers...
A firm produces a product that has the production cost function C(x)equals=220220xplus+81958195 and the revenue function R(x)equals=275275x. No more than 162162 units can be sold. Find and analyze the break-even quantity, then find the profit function.
The profit from the production and sale of specialty golf hats is given by the function P(x) 20x - 2000 where x is the number of hats produced and sold. (a) Producing and selling how many units will give a profit of $6000? (b) How many units must be produced and sold to avoid a loss? (a) Producing and sellingunits will give a profit of $6000 (b) To avoid a loss, units must be produced and sold.
(1 point) The profit function for a computer company is given by P(x) = -x2 + 31x – 22 where x is the number of units produced (in thousands) and the profit is in thousand of dollars. a) Determine how many (thousands of) units must be produced to yield maximum profit. Determine the maximum profit. (thousands of) units = maximum profit = thousand dollars b) Determine how many units should be produced for a profit of at least 40 thousand....
Question 11 Economic profit equals total revenue minus total costs including explicit fixed costs, explicit variable costs, implicit fixed costs, and implicit variable costs. True False Question 12 4 pt If Economic profit equals zero, then the firm should shut down in the short run and go out of business in the long run. True e False The period of time long enough to allow a firm to vary all of its inputs, to adopt new technology, and to increase...