I am asked to find the profit function for a productwhen demand function is p = 1700 -0.016x
and the cost function is C = 715,000 +240x
I understand profit = revenue - cost. How do I find theprofit function?

answer

watching

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Tod ThielLv2

5 Oct 2019

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

Related questions

(a) Find a vector w with magnitude 20 that is parallel to v =<3, 4, 2>

b.) give the angle between vectors a=3i-j+5k and b=i+2j (Give anexact expression for your answer and then approximate to thenearest degree.)

c.)Let P be the point with polar coordinates (3,2pi/3). Give apolar coordinate representation (r,?)for P with -pi/2<=?<=pi/2

d.) Consider the quadratic surface represented by the equation x^2- 81y^2 + z^2 = 0

i. Identify the trace of the surface in the plane y = 1.(i.e., Is it an ellipse, a circle, a

parabola, a hyperbola, etc?)

ii. Identify the trace of the surface in the plane x = 1.(i.e., Is it an ellipse, a circle, a

parabola, a hyperbola, etc?)

iii. Identify the surface. (i.e., Is this an ellipsoid,paraboloid, cone, hyperboloid of one

sheet, etc?)

So when I calculated I got that the bounds for u were -3/9<u<0 and 0<v<8/9. How is it 0 to 1 for both? Thank you. This is in the change of variables example

Hello,

I cannot do this problem. I get the answer wrong each time.

Please note I have the answers from the back of the book, so Ineed to see the step-by-step process to see where I am screwingup.

QUESTION: Let f(x) = the total # of items a subject hasmemorized x minutes after being presented with a long list of itemsto learn. Psychologists refer to the graph of y= f(x) as a learningcurve and to f'(x) as the learning rate. The time of peakefficiency is the time when the learning rate is maximized. Supposelearning rate is : f'(x) = 0.1(10 + 12x - 0.6x^2) for 0 <= x<=25

a) When does peak efficiency occur? What is the learning rate atpeak efficiency?

ANSWER => f'(x) is maximized when x = 10; 7 items perminute

b) What is f(x)? Assume f(0) = 0

ANSWER = > f(x) = x + 0.6x^2 - 0.02x^3

c) What is the largest # of items memorized by the subject?

ANSWER => f'(20.8) = 0; f(20.8) ~ 100items