A firm has revenue function given by R=10Q where R=Gross Revenue and Q=Number of Units Sold, Production Cost function is given by C = 20000+ 50(Q/800)^2 Find: (i) the total Profit function, and (ii) the number of Units (Q) to be sold to get the maximum Profit

Q: Your objective function is the following MAX 15 A + 10 B Find the endpoints for an iso-profit line…

A: Given - Objective function -  MAX 15A + 10B An iso-profit line of $600

Q: Assume that each filling cabinets requires 55 pounds of steel and 3.5 hours of labor, and that each…

A: In order to maximize profit let us use the linear programming method to assess the same. In this…

Q: RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production…

A: Given Data,  A ton of fuel additive  is  Material 1 mixes 25 tons  Material 3  mixes 35 tons  A ton…

Q: After entering the data shown below in cells B2, B3, B6, and B10, what values should appear in the…

A: Below is the solution:-

Q: profit function for a skateboard manufacturer is given by P X is equals to 30 x minus 3 x square -…

A: The detailed solution is given in Step 2.

Q: Let Q be the number of pies they make and sell. The total cost, C(Q) in dollars, for making Q pies…

A: The question demands us to find the total cost which is incurred in making 20 pies  Total cost =…

Q: At factory, tne cost of making diTferent table below. numbers Of tootnbrushes is snown in the COST…

A: The correct option is option A, The cost increases by $1.50 for each additional toothbrush made.

Q: A firm is making two products A & B. Each unit of A incurs a cost of production to the tune of $150…

A: Let x be the no. of units produce of product A and y be the no. of units produce of Product B Hence…

Q: Evaluate the following given the following values: 1. The price of pair of socks is Php 200. How…

A: The above questions are from the topic: Profit and Loss The answer to the questions are given below:

Q: hours of l

A: A farmer uses K units of machinery and L hours of labor to produce C tons of corn, with the…

Q: An analyst is constructing a simple model to determine the gross and net profit of a product, given…

A: Gross Profit =Profit per unit times quantity                      = 2×19400                      =…

Q: A manager wants to know how many units of each product to produce on a daily basis in order…

A: A = quantity of product A B = quantity of product B C = quantity of product C

Q: The relationship between marketing expenditures (x) and sales (y is given by the following formula,…

A: Given equation - y= 6x - 0.40(x)2 +7

Q: A publisher prints copies of a popular weekly tabloid for distribution and sale. The fixed costs are…

A: Cost function indicating the sum value of the cost. Here, we develop the cost function by…

Q: A bed mart company is in the business of manufacturing beds and pillows. The company has 40 hours…

A: Given data is Available assembly hours = 40 Available finishing hours = 32 Assembly hours required…

Q: A firm is considering importing some products to sell in a local market. The unit price and cost for…

A:

Q: Jane's marginal benefit per day from drinking coke is given in the table below. This shows that she…

A: Marginal benefit refers to the maximum amount of income an individual is willing to spend for an…

Q: Leach Distributors packages and distributes industrial supplies. A standard shipment can be packaged…

A: Based on the data given, we understand it is a Linear Programming Problem. The decision variables…

Q: Tyrelle's T-shirts purchases shirts for $4. If a markup of $5 per shirt is applied, the selling…

A: Markup refers to the difference between selling price and cost price of the product. However,…

Q: Susan Solomon has been thinking about starting her own fuel station, but Susan's problem is to…

A: Given data:

Q: A company is considering two machines. Machine X has a first cost of $30,000, AOC of $18,000, and S…

A: Annual Worth - The AW method is generally utilized for comparing choices. AW indicates that all…

Q: a. Using the decision variables x4 and s4, write a constraint that limits next week's production of…

A: ANSWER IS AS BELOW:

Q: XYZ, Inc., is a small firm that produces a variety of chemical products. In a particular production…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: An analyst has started preparing a spreadsheet as shown below. Column A contains the headings for…

A: An analyst has commenced making a spreadsheet as mentioned here- A B Price per Unit…

Q: Assume the demand for a company’s drug Wozac during the current year is 50,000, and assume demand…

A: A pharmaceutical company wants to build a facility that will accommodate production at maximum…

Q: 2. A computed utility function for a travel in a medium-sized city by automobile, bus and light rail…

A: Given:- U = a - 0.002X - 0.05Y Where, X = Cost of travel (php)             Y = Travel Time (minutes)…

Q: If the profit generated per cabinet is P80 and per dresser is P100, write the objecti that best…

A: Linear programming is a process to reach the best outcome such as maximum profit or lowest cost in a…

Q: 1. Cox Electric makes electronic components and has estimated the following for a new design of one…

A: Given -   Fixed cost = $24,375  Material cost per unit = $0.17  Labor cost per unit = $0.12  Revenue…

Q: Use x for hundred gallons of chocolate chocolate-chip and y for hundred gallons of chocolate peanut-…

A: Linear programming is a mathematical technique that is also used in operations management…

Q: The following data pertain to the operating budget of a certain manufacturing company Capacity per…

A: Given data, Sales- $681,00 Fixed cost- $294,000 Variable cost- $313,260

Q: A store manager estimates that the minimum number of cars needed over the next 3 weeks are 5, 8 and…

A: Dynamic Programming is an approach for solving multi-stage decision problems. When an optimization…

Q: A handicraft products trader is selling leather cases for $40 the unit. To run his business, he…

A: 1) If the trader plan to import the product from one country then that will be malayasia because the…

Q: A factory makes tennis rackets and cricket bats. A tennis racket takes 1.5 hours of machine time and…

A: Let x be the no. of the tennis racket  y be the no. of cricket bats The objective function will be…

Q: United States Lowe's sells particular carpet for $4.88 per square foot in the United Kingdom…

A: The above question is from the topic: Foreign Exchange Rates The solution of the question us given…

Q: Do you think it is possible to depict this production function with an isoquant? Justify your answer…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Leach Distributors packages and distributes industrial supplies. A standard shipment can be packaged…

A: The question is related to the Linear programming. The question is of maximization of Linear…

Q: A firm is considering importing some products to sell in a local market. The unit price and cost for…

A:

Q: An appliance manufacturer produces two models of microwave ovens: H and W. Both modelsrequire…

A: Given Information:   Oven – H Oven-W Total Fabrication (hours) 4 2 600…

Q: Software EG, a retail company, orders two kinds of software from TeleHard Software. Annually,…

A: Product 1: Annual Demand = D = 800 Purchasing Cost = $30 per unit Holding Cost = H = $5 per unit per…

Q: Dogie Agency has three police dogs to be assigned to 3 different department stores. The cost of each…

A: 1.The quantitative technique to be used is the assignment problem. Assignment problem is a kind of…

Q: Budgeted direct labor costs for the current month would be

A: budgeted labor cost indicating the total value of planned direct labor cost based n total planned…

Q: A company manufactures two products. If it charges aprice pi for product i, it can sell qi units of…

A: We want to maximize the value of the function f(p1,p2) = q1(p1-25)+q2(p2-72)…

Q: Suppose years of schooling, s, is the only variable that affects earnings. The equations for the…

A: The equations for the weekly salaries of male workers: wm = 500 + 100s The equations for the weekly…

Q: you are thinking of opening a small copy shop. It costs $5000 to rent a copier for a year, and it…

A: It is given that; the cost per copy is $0.03, variable cost (VC) = $0.03. Selling price per copy is…

Q: Consider a three-units system presented by the cost function as: C1 = 0.03 P12 + 8.2P1 + 452 C2 =…

A: Given cost function, C1 = 0.03 P12 + 8.2P1 + 452C2 = 0.025 P22 + 8.3P2+ 500C3 = 0.0035 P32 + 7.44P3…

Q: Develop the nonlinear profit function as a function of price.

A: THE ANSWER IS AS BELOW:

Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.