Solved: Determine the number of drills that should be produced and, Mathematics

+44 141 628 6080
[email protected]

Determine the number of drills that should be produced and

A company manufacturers and sells x electric drills per month. The monthly cost and price-demand equations are

C(x)=63000 + 40x

p=220 - x/30

0<=x<=5000

Find the production level that results in the maximum revenue.

Production level=?

Find the price that the company should charge for each drill in order to maximize profit.

Price=?

Suppose that a 5 dollar per drill tax is imposed. Determine the number of drills that should be produced and sold in order to maximize profit under these new circumstances.

Number of drills=?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Mathematics: Determine the number of drills that should be produced and

Reference No:- TGS02870405

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Describe some of your personality traits

Adler believed that your birth order determines, to a large extent, your personality. He stated that your traits reflect, somehow, how you have achieved

How we perceive objects in the real world

Suppose that a group of researchers would like to explore how we perceive objects in the real world, rather than just in a laboratory

Discuss children diagnosed with developmental disabilities

When Min decided to begin his supervised field experience, he applied at a company in his hometown that provided applied behavior analysis

Problem concerning consensual sexual relationship

Question: Jena and Ben are employees of Big City Electronics. They began to have a consensual sexual relationship.

How teenagers in an impoverished urban area spend their time

The purpose is to examine the psychological factors affecting how teenagers in an impoverished urban area spend their time outside of school using:

Discussion about gender stereotyping

Prior to your taking this graduate HR law class you had heard of the term "gender stereotyping," but didn't know much about it.

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred

Solution Preview :

Prepared by a verified Expert

Mathematics: Determine the number of drills that should be produced and

Reference No:- TGS02870405

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : Explain what you understand strategic management to

Q : Assume that demand is a linear function of price if each

Q : How would you describe the promotional strategy what is

Q : One employee will work at the front desk as a customer

Q : Determine the number of drills that should be produced and

Q : Provide an outline of the elements that are used as part of

Q : Evaluate the importance of negotiating key performance

Q : Describe the basics manufacturing steps of making a peanut

Q : At what percentage rate will it be increasing at this