Question

Given cost and revenue functions and C(q)=112q+31000 R(q)=−3q2+3000q​, how many items must the company produce and...

Given cost and revenue functions and

C(q)=112q+31000

R(q)=−3q2+3000q​,

how many items must the company produce and sell to earn a profit of $131,480

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
The revenue and cost functions for a particular product are given below. The cost and revenue...
The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and x represents the number of units . R(x) = −0.2x2 + 146x C(x) = 66x + 7980 (a) How many items must be sold to maximize the revenue? (b) What is the maximum revenue? (c) Find the profit function. P(x) =   −.2x2+212x+7980 (d) How many items must be sold to maximize the profit? (e) What is the maximum profit?...
Given cost and price​ (demand) functions C(q)=100q+41,000 and p(q)=−2.1q+850​, what is the maximum revenue that can...
Given cost and price​ (demand) functions C(q)=100q+41,000 and p(q)=−2.1q+850​, what is the maximum revenue that can be​ earned? It would be: A company produces a special new type of TV. The company has fixed costs of $460,000​, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2600 for the​ TV, it will be able to sell 850 TVs. If the company wants to sell 900 ​TVs, however, it must lower the...
Given cost and price​ (demand) functions C(q)=120q+47,500 p(q)=−2.1q+800​, what profit can the company earn by selling...
Given cost and price​ (demand) functions C(q)=120q+47,500 p(q)=−2.1q+800​, what profit can the company earn by selling 100 ​items?
X Company's accountant has developed the following budgeted revenue and cost functions for 2020: R =...
X Company's accountant has developed the following budgeted revenue and cost functions for 2020: R = $30.12X C = $20.37X + $325,000 where R is revenue, C is total cost, and X is units sold. Assuming a tax rate of 30%, how many units must X Company sell in 2020 in order to earn $276,000 after taxes?
The revenue from selling q items is R(q)=650q−q^2, and the total cost is C(q)=100+11q. Write a...
The revenue from selling q items is R(q)=650q−q^2, and the total cost is C(q)=100+11q. Write a function that gives the total profit earned, and find the quantity which maximizes the profit. Profit π(q)= Quantity maximizing profit q=
A company's revenue from selling x items is given by the function R(x)=44x and it's from...
A company's revenue from selling x items is given by the function R(x)=44x and it's from selling x items is given by the function C(x)=x2+384. Which of the following statements about their profitability is true? The company must sell at least 2 and at most 12 items to make a profit. The company must sell at least 5 and at most 20 items to make a profit. The company must sell at least 10 and at most 28 items to...
A company calculates the following for an item that they produce and sell. The revenue, R(x),...
A company calculates the following for an item that they produce and sell. The revenue, R(x), from the sale of 42 items is $435. The marginal revenue when 42 items are sold is $6 per item. The cost, C(x), to produce 42 items is $211. The marginal cost when 42 items are produced is $3 per item. a) Estimate the revenue from the sale of 43 items. b) Estimate the cost from the sale of 40 items. c) Estimate the...
Cost, Revenue, and Profit Functions Linear Function: A calculator manufacturer is calculating their monthly cost, revenue,...
Cost, Revenue, and Profit Functions Linear Function: A calculator manufacturer is calculating their monthly cost, revenue, and profit The monthly cost of manufacturing particular type of calculator is C(x) = 150000+25x. a) What is the fixed cost? b) what is the variable cost? c) What is the cost for making 2000 calculators per month? d) What is the cost for making 5000 calculators per month? e) What is the cost for making 10000 calculators per month? The manufacturer sells the...
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?
Given the revenue and cost functions R = 26x - 0.3x2 and C = 3x +...
Given the revenue and cost functions R = 26x - 0.3x2 and C = 3x + 10, where x is the daily production, find the rate of change of profit with respect to time when 20 units are produced and the rate of change of production is 7 units per day per day.