It was a bumper crop for hominy this year, and The Hominy Man hoped to set a price for a case that can maximize profit. The annual fixed cost for the hominy harvesting and other equipment is $200 and the variable cost per case is $20. The price (p) is related to demand (v) according to the following equation: v = 800 - 16p. To maximize the profit, the optimal price of a case should be_____. The maximized profit is_____.

Answers

Answer 1

Answer:

optimal price = $35

Maximum profit = $3400

Step-by-step explanation:

We are given;

The annual fixed cost for the hominy harvesting and other equipment = $200

The variable cost per case = $20

Since demand is given as v, thus total variable cost = 20v

Thus;

Overall total cost = fixed cost + total variable cost = 200 + 20v

We are given relationship between p and v as;

v = 800 - 16p

Making p the subject gives;

p = (800 - v)/16

Now, total revenue is given by;

Total Revenue = vp

Thus;

Total revenue = v[(800 - v)/16] = 50v - v²/16

Now, profit will be;

Profit(P) = Total revenue - total cost

P = (50v - v²/16) - (200 + 20v)

P = 50v - (v²/16) - 200 - 20v

P = 30v - (v²/16) - 200

Maximum profit will be at dP/dv = 0

Thus;

dP/dv = 30 - (v/8)

At dP/dv = 0

30 - (v/8) = 0

v/8 = 30

v = 30 × 8

v = 240

Optimal price will be gotten by putting 240 for v in the price equation which is p = (800 - v)/16.

Thus;

p = (800 - 240)/16

p = 560/16

p = $35

So, optimal price = $35

Maximum profit will be at v = 240.so let's plug in 240 for v into the profit equation.

Thus;

P = 30(240) - (240²/16) - 200

P = 3400

Maximum profit = $3400


Related Questions

An airport limo service charges riders a fixed charge of $15 plus
$4.00 per mile. How many miles must a rider go to have an
average cost per mile of $4.60?

Answers

Given:

An airport limo service charges riders a fixed charge of $15 plus  $4.00 per mile.

To find:

Distance in miles must a rider go to have an  average cost per mile of $4.60.

Solution:

Let x be the number of miles the rider travel.

Total charges = Fixed charges + Variable charges

According to the question,

Fixed charges = $15

Variable charges = $4x

So,  total charges

[tex]T=15+4x[/tex]

Divide the total charges by number of miles to get the cost per mile.

[tex]\text{Cost per mile}=\dfrac{15+4x}{x}[/tex]

Average cost per mile is $4.60.

[tex]4.60=\dfrac{15+4x}{x}[/tex]

[tex]4.60x=15+4x[/tex]

[tex]4.60x-4x=15[/tex]

[tex]0.60x=15[/tex]

Divide both sides by 0.60.

[tex]x=\dfrac{15}{0.60}[/tex]

[tex]x=25[/tex]

Therefore, the required number of miles is 25.

Which statement best represents the equation below?
10+(-10)=0

1. A dog runs 10 feet to the left and then runs another 10 feet to the left .

2. A car goes 10 feet and then reversed 10 feet .

3. A bottle contained 10 litters of juice after 10 liters spilled on the floor .

4. A girl earns $10 in 10 hours .

Answers ASAP!!!!!

Answers

Answer:

the answer is 2 because the car goes forward 10 feet then it goes back to the same amount which puts it at its start

Ruben is touring New York City with his family. They want to visit the Empire State Building, Central Park, and Times Square before their dinner reservations at 8:00 P.M. They want to spend 1 hour and 30 minutes at the Empire State Building, 3 hours in Central Park, and 45 minutes in Times Square. What is the latest time Ruben's family can start their tour in order to make it to dinner on time?

Include A.M. or P.M. in your answer Please help ASAP!!!

Answers

Answer: 2:45 pm

Step-by-step explanation:

Find the length of the tour;

90 minutes at Empire State

180 minutes in Central Park

45 minutes in Times Square

= 90 + 180 + 45

= 315 minutes

= 5.25 hours

= 5 hours 15 minutes

Dinner Reservation is at 8.

Latest time they can start is;

= 8 - 5.25 hours

= 2.75

= 2 hours 45 minutes

= 2:45 pm

Drag the phrases into the box to match each expression. 4x – 5 4 (x – 5) 4 ( x + 5) 5 less than the sum of 4 and a number 5 less than the product of 4 and a number the product of 4 and the difference of a number and 5 4 more than the sum of a number and 5 5 more than the product of 4 and a number the product of 4 and the sum of a number and 5 4 more than 5 less than a number

Answers

Answer:

4x – 5

4 (x – 5)

4 ( x + 5)

5 less than the sum of 4 and a number

5 less than the product of 4 and a number

the product of 4 and the difference of a number and 5

4 more than the sum of a number and 5

5 more than the product of 4 and a number

the product of 4 and the sum of a number and 5

4 more than 5 less than a number

10. You can model the population of a Florida town between the years 1980 and 2015 by
the function f(x) = 90,000(x – 1960), where x is the year. In what year did the town have a
population of 450,000?

Answers

Answer is the year of 1965

Amine passes through the points (710) and (7, 20). Which statement is true about the line?
It has a slope of zero because it in the formula -
is zero, and the numerator of a fraction cannot
It has a slope of zero because in the formula -
is zero, and the denominator of a fraction
cannot be zero
It has no slope because yn dy in the formula
is zero, and the numerator of a fraction cannot be
it has no slope because ty - to in the formula m-
is zero, and the denominator of a fraction cannot be
zero

Answers

Answer: Choice D)

No slope, the term x2-x1 is zero and we cannot have zero in the denominator.

=========================================

Explanation:

The two points both have x coordinates x = 7. Since both x coordinates are the same, they subtract to 0. Recall that something like 1/0 is undefined, so we cannot have 0 in the denominator.

The line through (7,10) and (7,20) is a vertical line. All vertical lines have undefined slopes.

Which of the following expressions is equivalent to the expression 42+90?


A. 6(7+14)

B.6(7+15)

C.7(6+12)

D.6(36+84)

Answers

Answer:

B

Step-by-step explanation:

6(7+15)

= 6(7) + 6(15)

= 42 + 90

:D it helps!

evaluate f(-3) if f(x) = 5x^3+2x^2-4x+1

Answers

Answer:

-3326

Step-by-step explanation:

replaces the x's with -3

so (5(-3))^3 + (2(-3))^2 -4(-3)+1 = -3326

Two linear functions are combined with addition, and then the same two linear functions are combined by
multiplication.
Which functions could be the result of the combinations? Select two options.
16x - 12
17x - 12
72x2 - 96x
72x2 – 108x
72x2 - 204x + 144

Answers

72 x 2 is. 64 and 144 is 108

Twelve of the 28 students in a class have a dog. What is the ratio of students who have a dog to students who do not?

Answers

Answer:

28/12

Step-by-step explanation:

Help Please, im stuck on this question.

Answers

Answer:

irrational

Step-by-step explanation:

3/4 + sqrt(2)

3/4 is rational

sqrt(2) is irrational

The sum of a rational and an irrational number is irrational

Suppose your normal body temperature is 98 3/5degrees Fahrenheit. If your body temperature goes up 3 1/5 degrees on Monday and then down 2 1/5 degrees on Tuesday, what is your temperature on Tuesday?

Answers

This is your perfect answer

Evaluate (1 2/3)^3. A. 3 8/27 B. 4 8/27 C. 4 4/9 D. 4 17/27

Answers

Answer:

D. 4 17/27

Step-by-step explanation:

(1 2/3)^3 = (1 + 2/3)^3 = (3/3 + 2/3)^3 = (5/3)^3 = (5 * 5 * 5)/(3 * 3 * 3) = 125/27 = 108/27 + 17/27 = 4 17/27

Answer:

D

Step-by-step explanation:

[tex](1\frac{2}{3})^3\\\\(1+\frac{2}{3})^3\\\\(\frac{3}{3}+\frac{2}{3})^3\\\\(\frac{5}{3})^3\\\\\frac{5^3}{3^3}\\\\\frac{125}{27}\\\\\frac{(27*4)+17}{27}\\\\4\frac{17}{27}[/tex]

find the differential coefficient of y=5×​

Answers

[tex]\huge\mathbb\purple{AnSwEr}[/tex]

[tex]\huge❤\bold\red{Hello}❤[/tex]

Hey mate 5 is your Answer

[tex]My \: pleasure \: to \: help \: you \: anytime.[/tex]

[tex]Mark \: me \: as \: brainliest .[/tex]

[tex] \huge \mathscr \pink \star\underline {Follow \: me } \red \star[/tex]

by what percent should jack increase the number x to get 9/4*x

Answers

Answer:

125%

Step-by-step explanation:

x --> 9/4 x.

x and x cancels out so we have to find out what percent 9/4 is. 9/4= 2 1/4 = 225%.

since we first started from 100%, 225%-100%=125% Hope this helped :)

Answer:

125% percent

Step-by-step explanation:

x --> 9/4 x.

x and x cancels out so we have to find out what percent 9/4 is. 9/4= 2 1/4 = 225%.

since we first started from 100%, 225%-100%=125% Hope this helped :)

HELP it would be greatly appreciated!

Answers

Answer:

The answer would be (D 70 degrees

Step-by-step explanation:

Each triangle is 180 degrees. 180 - 40 equals 140. 140 divided by two equals 70.

Hope this helps ^^✨

Answer:

D: 70°

Step-by-step explanation:

Angles A and B are going to be the same, and the interior angles of a triangle must equal 180°, so D is the correct answer

70 + 70 + 40 = 180

I need help finding an eqaution for this. Thank you in advanced

Answers

Answer:

Formula: [tex]c=\frac{sale\ price\ of\ 7}{7}+\$0.75[/tex]

Normal Price: [tex]\$1.15[/tex]

Step-by-step explanation:

First, you have to find the current price of one cookie.

Since 7 cookies cost $2.80, then the price for one sale price cookie would cost

Then you would have to add the $0.75 to the sale price to get the normal price.

[tex]\$0.4\ +\ \$0.75=\$1.15[/tex]

The normal price of a cookie would be $1.15.

The formula to get that answer would be:

[tex]c=\frac{sale\ price\ of\ 7}{7}+\$0.75[/tex]

Hope this helps!

The USDA conducted tests for salmonella in produce grown in California. In an independent sample of 252 cultures obtained from water used to irrigate the region, 18 tested positive for salmonella. In an independent sample of 476 cultures obtained from the region’s wildlife (e.g., birds), 20 tested positive for salmonella. Is this sufficient evidence for the USDA to conclude that the proportion of salmonella in the region’s water differs from the proportion of salmonella in the region’s wildlife? Assume the significance level of 0.01.

Answers

Answer:

 The decision rule is  

Fail to reject the null hypothesis

  The conclusion is  

There no sufficient evidence to show that the proportion of salmonella in the region’s water differs from the proportion of salmonella in the region’s wildlife

Step-by-step explanation:

From the question we are told that

   The first  sample size is [tex]n_1 = 252[/tex]

    The number that tested positive is  [tex]k_1 = 18[/tex]

     The second sample size is  [tex]n_2 = 476[/tex]

     The number that  tested positive is  [tex]k_2 = 20[/tex]

     The level of significance is  [tex]\alpha = 0.01[/tex]

Generally the first sample proportion is mathematically represented as

      [tex]\^ p _1 = \frac{k_1 }{ n_1 }[/tex]

=>    [tex]\^ p _1 = \frac{18 }{ 252 }[/tex]

=>    [tex]\^ p _1 = 0.071[/tex]

Generally the second sample proportion is mathematically represented as

      [tex]\^ p _2 = \frac{k_2 }{ n_2 }[/tex]

=>    [tex]\^ p _2 = \frac{20 }{ 476}[/tex]

=>    [tex]\^ p _2 = 0.042[/tex]

The  null hypothesis is            [tex]H_o : p_1 - p_2 = 0[/tex]

The alternative hypothesis is  [tex]H_a : p_1 - p_2 \ne 0[/tex]

Generally the test statistics is mathematically represented

       [tex]z = \frac{ \^ p_1 - \^ p_2 - ( p_ 1 - p_2 )}{ \sqrt{\frac{\^ p_1 (1-\^ p_1)}{ n_1 } + \frac{\^ p_2 (1-\^ p_2)}{ n_2 } } }[/tex]

=>    [tex]z = \frac{ 0.071 - 0.042 - 0 }{ \sqrt{\frac{0.071 (1-0.071)}{ 252 } + \frac{0.042 (1-\^ 0.042)}{ 476 } } }[/tex]

=>    [tex]z = 1.56[/tex]

From the z table  the area under the normal curve to the right corresponding to  1.56   is  

        [tex]P(Z > 1.56 ) =0.05938[/tex]

Generally the p-value is mathematically represented as

         [tex]p-value = 2 * P(Z > 1.56 )[/tex]

=>      [tex]p-value = 2 * 0.05938[/tex]

=>      [tex]p-value = 0.1188[/tex]

From the value obtained we see that   [tex]p-value > \alpha[/tex] hence

  The decision rule is  

Fail to reject the null hypothesis

  The conclusion is  

There no sufficient evidence to show that the proportion of salmonella in the region’s water differs from the proportion of salmonella in the region’s wildlife

 

a student finished 8 of her homework problems in class if the ratio problem she finished her problem she has left with 4:1 how many homework problems did she have total ​

Answers

Step-by-step explanation:

b HD hks Gojng umd book is Rio hz Wii

Plezzzzzwzzzzzzzz help

Answers

Answer:

[tex] 3 - a [/tex]

Step-by-step explanation:

Given that when you add two numbers together the result is 3.

The greater of the number is given as a.

Let "x" represent that lesser number.

Thus:

[tex] a + x = 3 [/tex]

To make x the subject of the formula. Subtract a from both x.

[tex] a + x - a = 3 - a [/tex]

[tex] x = 3 - a [/tex]

Therefore, the expression that represents the lesser number, x, is:

[tex] 3 - a [/tex]

Given the polynomial 5x3 + 4x2 - 6x + 2, which coefficient is considered the "Q" value?

Answers

Answer:

The q value coefficient is 5

Step-by-step explanation:

The q value are all positive and negative factors of the first coefficient (5)

The p value are all positive and negative factors  of the last coefficient (2)

What is 1 15/16 divede by 7/8 in fraction form

Answers

Answer:

2 13/16

Step-by-step explanation:

1 15

16

+

7

8

=  (1 + 0) + (

15

16

+

7

8

)

=  1 +

15

16

+

7 × 2

8 × 2

=  1 +

15

16

+

14

16

=  1 +

15 + 14

16

=  1 +

29

16

=  1 +

1 13

16

=  

2 13

16

Triangle UVW is formed by the three squares G, H, and I:

A right triangle UVW is shown. On the side UV of this triangle is a square. Inside the square is written Square G, Area equal to 81 square units. On the side VW of this triangle is another square. Inside the square is written Square H, Area equal to 144 square units. On the side UW of this triangle is another square. Inside the square is written Square I, Area equal to 225 square units.

Which statement best explains the relationship between the sides of triangle UVW?

UV + VW = UW, because 81 + 144 = 225
(UV)2 + (VW)2 = (UW)2, because 152 + 92 = 122
(UV)2 + (VW)2 = (UW)2, because 81 + 144 = 225
UV + VW = UW, because 152 + 92 = 122

Answers

Answer:

The correct answer would be C- (UV)2 + (VW)2 = (UW)2, because 81 + 144 = 225

-Thank you

Answer:

C. (UV)2 + (VW)2 = (UW)2, because 81 + 144 = 225

Step-by-step explanation:

81 + 114 = 225

225 = 225

100% correct I took the test today and got 100%. :)

can i plz have brainliest

The scale of a map says that 6 cm represents 15 km.
What is the number of kilometers that is represented by 15 cm on the map?

Answers

37.5 km is equal to 15 cm

when nicky tried to solve an equation using properties of equality, she ended up with the equation -3=-3. what equation mioght she have tried to solve? what is the solution of the equation?

Answers

Answer: -3 + 4*x^2 = - 3 + (2*x)^2

Any value of x is a solution for this eqution.

Step-by-step explanation:

She ended with -3 = -3

This is trivial, if we had an equation with one variable, something like:

f(x) = equation.

Ending with something like -3 = -3 means that we do not have any restriction with respect to x, so x could take any value.

This will happen if the terms with x in the left side are exactly the same as the terms in the right side, for exampe:

-3 + 4*x^2 = -3 + 4*x^2

In that case, we can substrrat 4*x^2 in both sides, and we will end with:

-3 = -3

This means that the solution for this equation is any value of x.

We also could rewrite this as:

-3 + 4*x^2 = - 3 + (2*x)^2

So the terms look different, but the terms are exactly the same for any value of x.

How does 5x/4 -2=3x/2-4 simplify to -5/2

Answers

Answer: No
X = 8
Step by step:
Add two to both sides
5x/4 = 3x/2 - 2
Now multiply 4 with both sides
5x = 6x - 8
Take the 5x to the other side
0= 6x -5x -8
0= x - 8
X = 8

101
question
3. Which of the following is the representation of a decimal number?
O A. 25
O B. 23
C. 33/10
D. 1/2
Mark for review (Will be highlighted on the review page)

Answers

Answer:

D. 1/2

Step-by-step explanation:

1/2 = 0.5

1/2 it´s a representation of a decimal number.

Find the missing side

Answers

Answer:

I believe the answer is 48

Step-by-step explanation:

Subtract 30 from 78 to get your answer.

Enter the number that belongs in the green box cd=

Answers

57 because it is right n mark ne brain list please

Answer:

9

Step-by-step explanation:

I think 9 since there’s a right angle, so there’s an assumed right angle on the other side of the line. 9 is the hypotenuse when AB is 3 so I think CD would also be 9 since BC is 3 as well.

The owner of a health club decides to reduce the $35 membership fee by five dollars what is the approximate percent decrease in the fee

Answers

Answer:

14%

Step-by-step explanation:

5/35 = About 0.14

it's c

have a nice day mark me brainlist!

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