The price that a company charged for a basketball hoop is given by the equation 50 - 5x^2 where x is the number of hoops that ar
2 answers:
Answer: The correct option is first, the number of basketball hoops did the company previously produce to make the same profit is 1.3 million hoops.
Explanation:
Let the number of basketball hoops did the company previously produce to make the same profit be x.
Total Revenue = Price * Quantity
The total revenue in million dollars is,
The total cost in million dollars is,
Total Cost = One unit cost * Quantity
Profit = Total Revenue - Total Cost
The profit is 15 million.
The value of x is 1 and .
The production is always positive therefore the value of x either 1 or 1.3. Since 1 million is not available in the options therefore the the correct optin is 1.3 million hoops.
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Answer:
How many units need to be sold to produce the maximum revenue? 1000 units
How many in dollars is the maximum revenue when the maximum of units are sold? $350,000
Step-by-step explanation:
We get max value of a function if we differentiate it and set it equal to 0.
We need to differentiate r(x) and set it equal to 0 and solve for x.
<u><em>That would be number of units sold to get max revenue.</em></u>
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<u>Then we take that "x" value and substitute into r(x) to get the max revenue amount.</u>
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Before differentiating, we see the rules shown below:
Where
f'(x) is the differentiated function
Now, let's do the process:
So, 1000 units need to be sold for max revenue
Now, substituting, we get:
The max revenue amount is $350,000
Answer: kindly check attached picture
Step-by-step explanation:
Given the data below :
Juice Mango Orange Apple Pineapple Grapefruit Grape
Proportion of Facings 0.1875 0.250 0.250 0.125 0.125 0.0625
In other to make the proportion of facing visible on the graph we multiply by 100; Hence,
Juice Mango Orange Apple Pineapple Grapefruit Grape
Proportion of Facings 18.75 2.50 2.50 1.25 1.25 6.25
Juice Mango Orange Apple Pineapple Grapefruit Grape
Observed Number of Sales 23 35 46 12 10 5
(a) Construct a single bar chart that contains both the expected proportion of sales based on the proportion of facings and the observed proportion of sales for each type of juice.
Using an online bar chart plotter, the proportion of facings by the blue bars and the red bars depicts the observalues for different type of juice Given.
Hence, from the plot, it could be clearly seen that the distribution of facing is different or not equal to the number of juice sold.
The barchart produced is attached below.
