Question

A company selling widgets has found that the number of items sold, x, depends upon the...

A company selling widgets has found that the number of items sold, x, depends upon the price, p at which they're sold, according the equation x=30000/√5p+1

Due to inflation and increasing health benefit costs, the company has been increasing the price by $2 per month. Find the rate at which revenue is changing when the company is selling widgets at $300 each.

Homework Answers

Answer #1

The answer for above problem is explained below.

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
A company making widgets has a price-demand equation p(x) = 400 − .02x where x is...
A company making widgets has a price-demand equation p(x) = 400 − .02x where x is the monthly demand and p is the price per widget and the cost equation is C(x) = 200x + 20, 000. Find the price that maximizes the profit and give the maximum profit.
A company determines its total revenue and total cost functions for producing and selling x items...
A company determines its total revenue and total cost functions for producing and selling x items are given by R(x)=600x−2x2, andC(x)=200+10x. If the company produces and sells 2 additional items every day (in other words, dxdt=2), what is the rate of change of profit with respect to time when they've produced and sold 10 items?
A company is manufacturing ear buds. The number of sets of earbuds they sell, x, and...
A company is manufacturing ear buds. The number of sets of earbuds they sell, x, and the price at which they will sell them, p, are related by the equation 40x^2 = 1200 – 3p^2. How is the number of earbuds they sell changing when x = 2 and the price is increasing at a rate of $0.20 per set of earbuds per week?
3. Let ?(?) be the revenue in dollars from selling ? units. If ?(200) = 540...
3. Let ?(?) be the revenue in dollars from selling ? units. If ?(200) = 540 and ?′(200) = 17.. a. Verbally interpret ?(200) b. Estimate the revenue generated from the production of 201 units. c. If the cost in dollars to produce ?? units is given by ?(?) = ?.??x , is it profitable to raise the production to 201 units? Explain in a sentence. 4. An online shopping website has determined that the number of items orders they...
5.5 Firm X is priced at $10 per share. Expected dividend next year is $1 per...
5.5 Firm X is priced at $10 per share. Expected dividend next year is $1 per share, and the expected stock price next year is $11. Therefore, stock is expected to earn (11 + 1 – 10)/10 = 20%. This implies that the company has required rate of return that is also 20%. (True / False) 5.6 When ROE < k, increasing _______ should increase the intrinsic value of equity.               a. Retention ratio               b. Dividend payout               c....
- Animal Treats Company has 500 kg of liver-flavoured dog biscuits that are not selling well....
- Animal Treats Company has 500 kg of liver-flavoured dog biscuits that are not selling well. The selling price of the biscuits could be reduced from $3.10 to $2.65 per kg. Or, they could be cheese-coated and sold for $4.25 per kg; the additional processing cost would be $0.40 per kg. Cheese-coated biscuits sell very well. Which alternative probably has less uncertainty concerning volume of sales? a) Reduce the price of liver-flavored biscuits b) Proceed with the cheese coating c)...
roduct A has revenue of $195,000, variable cost of goods sold of $115,700, variable selling expenses...
roduct A has revenue of $195,000, variable cost of goods sold of $115,700, variable selling expenses of $33,500, and fixed costs of $60,900, creating a loss from operations of $15,100. Prepare a differential analysis as of May 9, to determine whether Product A should be continued (Alternative 1) or discontinued (Alternative 2), assuming fixed costs are unaffected by the decision. If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use...
1) X Company incurred the following costs in 2017: Factory insurance $5,629 Customer service 4,766 Advertising...
1) X Company incurred the following costs in 2017: Factory insurance $5,629 Customer service 4,766 Advertising costs 4,594 Factory maintenance 5,023 Direct labor 5,972 Direct materials 4,514 Sales salaries 5,023 Factory utilities 5,153 Research & Development 5,599 Material handling 4,174 What was total overhead in 2017? 2) X Company had the following inventory account balances in 2017: Account January 1 December 31 Materials $14,524    $16,900      Work in Process 14,622    21,768      Finished Goods 14,594    14,594      The following additional information for the...
Adam is an auditor of Excellent & Partners for Colourful Facemasks Sdn Bhd. The company has...
Adam is an auditor of Excellent & Partners for Colourful Facemasks Sdn Bhd. The company has just appointed Excellent & Partners as its auditor for the current year. Adam is in charge of auditing the sales and collection cycle for the company which is a small facemask distributor in Peninsular Malaysia. (Background) (The company has been growing rapidly and is respected for its high quality facemasks products. Adam found that the client has made some misstatements in previous year audit...
CurtainsMaster is a large proprietary company established in North Queensland in the 1990s, selling a wide...
CurtainsMaster is a large proprietary company established in North Queensland in the 1990s, selling a wide range of high-quality fabric curtains for household decoration. The company purchases products from manufactures in Vietnam, Bangladesh, and China, and then sells its products to wholesales customers in Australia, Germany, and the United States. The company also places its products on consignment in various small retail stores in Queensland. Sales mainly peak from the second half of the financial year, generating an average of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT