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Preview: ... Equation Editor to write mathematical expressions and equations. First, save this file to your hard drive by selecting Save As from the File menu. Click the white space below each question to maintain proper formatting. <br><br>1. In this problem, we will analyze t ...
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$10.00 MAT117 Week 2 Assignment (Appendix C) Guaranteed 100% correct!
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Preview: ... sets per month?<br><br>P = -x2 + 56x - 300<br>P = -(202) + 56(20) - 300<br>P = -400 + 1120 300<br>P = 420<br><br>g. What is the profit made from selling 25 tile sets each month?<br><br>P = -x2 + 56x - 300<br>P = -(252) + 56(25) - 300<br>P = -625 + 1400 300<br>P = 475<br><br>h. What is the profit made from selling no tile sets each month? Interpret your answer. <br><br>P = -x2 + 56x - 300<br>P = -(02) + 56(0) - 300<br>P = -0 + 0 300<br>P = -300<br><br>i. Use trial and error to find the quantity of tile sets per month that yields the highest profit. <br><br>P = -x2 + 56x - 300<br>P = -(502) + 56(50) - 300<br>P = -2500 + 2800 300<br>P = 0<br>There is no profit when you sell 50 tile sets<br><br>P = -x2 + 56x - 300<br>P = -(302) + 56(30) - 300<br>P = -900 + 1680 300<br>P = 480<br>There is a profit of $480 when you sell 30 tile sets<br><br>P = -x2 + 56x - 300<br>P = -(352) + 56(35) - 300<br>P = -1225 + 1960 300<br>P = 435<br>There is a profit of $435 when you sell 35 tile sets<br><br>P = -x2 + 56x - 300<br>P = -(272) + 56(27) - 300<br>P = -729 + 1512 300<br>P = 483<br>There is a profit of $483 when you sell 27 tile sets<br><br>P = -x2 + 56x - 300<br>P = -(282) + 56(28) - 300<br>P = -784 + 1568 300<br>P = 484<br>There is a profit of $484 when you sell 28 tile sets<br><br>P = -x2 + 56x - 300<br>P = ...
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MAT 117 Axia College - Appendix C - Retail Companies ....zip (40K)
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Preview: ... emand equation: p = -x + 62<br><br><br>A companys revenue is the amount of money that comes in from sales, before business costs are subtracted. For a single product, you can find the revenue by multiplying the quantity of the product sold, x, by the demand equation, p. <br><br>b. Substitute the result you found from part a into the equation R = xp to find the revenue equation. Provide your answer in simplified form. <br><br><br>R = xp = x(-x + 62)<br>R = -x2 + 62x<br><br>The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the companys fixed costs allotted to this product is $300, and the suppliers cost for a set of tile is $6 each. Let x represent the number of tile sets.<br> <br>c. If b represents a fixed cost, what value would represent b?<br><br>b = $300 represents the fixed costs<br><br>d. Find the cost equation for the tile. Write your answer in the form C = mx + b. <br><br>C = 6x + 300<br><br>The ...
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