Question

1. Solve the optimization problem. If the price charged for a candy bar is p(x) cents,...

1. Solve the optimization problem.
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in a certain city, where p(x) = 106 - (x-28). How many candy bars must be sold to maximize revenue?

Recall: Revenue = price x quantity

Which one is correct?

A. 2968 candy bars

B. 1484 thousand candy bars

C. 2968 thousand candy bars

D. 1484 candy bars

2. Use Newton's Method to find the third approximation of the solution to the equation. Start with the given first approximation x1.

x3 + 5x + 2 = 0; x1 = -1

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
* City Computers has determined that the price-demand and revenue functions are given by p(x) =...
* City Computers has determined that the price-demand and revenue functions are given by p(x) = 2,000 – 6x and R(x) = x(2,000 – 6x), where x is in thousands of computers. This means that R(x) is measured in thousands of dollars. Additionally we know: * The fixed cost is $100,000. * The variable cost is $250 per computer. This means that the cost function is given by C(x) = 100 + 250x. Also again C(x) is measured in thousands...
Part 1 Directions: List the number of sales (Y) at the stated price point (x). Find...
Part 1 Directions: List the number of sales (Y) at the stated price point (x). Find a demand function D(x) which outputs Y when you input x. This function should be decreasing (negative derivative). Y= 1000 X= $20 For D(x) I got D(x) = 20100-5x. If you find a is a better Y and X please use it, this is just what I chose to use. (Professors notes: A quick way to make a demand function for your product: 1....
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how the firms resources incompetencies support the given pressures regarding costs and local responsiveness. Describe entry modes have they usually used, and whether they are appropriate for the given strategy. Any key issues in their global strategy? casestudy: Atlanta, June 17, 2014. Sea of Delta employees and their families swarmed between food trucks, amusement park booths, and entertainment venues that were scattered throughout what would...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT