Capture

A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It costs $20 to store one box of bandages for one year and $ 500 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs? The company should produce boxes of bandages □ time(s) a year. A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It costs $20 to store one box of bandages for one year and $500 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs? C The company should produce boxes of bandages time(s) a year.

Problem 2 Refer to problem 1.(Problem 1: Auto Mart is a mythical seller of a variety of automobileparts and accessories. Auto Mart's owner, Jonathan Trott, wishes to determine the optimum order quantity for oneof the store's popular wiper blades. The annual demandfor the wiper blades is 16,000. The annual holding costper unit is US$2.50, and the cost to place an order is US$50:) Assuming that holding costs and ordercosts remain the same, if annual demand for wiper blades doubles to 32,000, does the EOQ also Double? Explainyour answer with relevant calculations.

Pipes R Us has designed a pipeline that provides a throughput of 70,000 gallons of water per 24-hour period. If the diameter of the pipeline were increased by 1 inch, throughput would increase by 4,000 gallons per day. Alternatively, throughput could be increased by 6,000 gallons per day using the original pipe diameter with pumps that had 100 more horsepower. a. Estimate the marginal rate of technical substitution between pump horsepower and pipe diameter. b. Assuming the cost of additional pump size is $6 per each unit of horsepower and the cost of larger diameter pipe is $200 per inch, does the original design exhibit the property required for optimal input combinations? Why or why not?

Only typed solution

The profit from the supply of a certain commodity is modeled as P(q) = 71ge-0.29 dollars where q is the number of units produced. 0 ≤ q ≤ 100 (a) Write an expression for the rate of change of profit. (Be sure to use q as the independent variable.) P'(q) dollars per unit (b) At what production level in the domain 0 ≤ q ≤ 100 is the rate of change of profit zero? (Round your answer to the nearest whole number.) q= units (c) What is profit at the production level found in part (b)? (Round your answer to two decimal places.)

Mead Plumbing currently sells thread seal tape at a price of $42.00 per roll. Their research department has derived the price-demand equation as p = 60 -0.02x where x is the number of tapes that can be sold at $p per roll of tape. (d) If the current price changes by 10%, what will be the approximate percentage change in demand? (e) Find the price at which a percentage change in price produces the same percentage change in demand.

The demand function for an item is given by d(x) = 100/ 0.01x 2 + 1 (20 ≤ x ≤ 50) where d(x) (measured in units of a thousand) is the quantity demanded per weak and x is the unit price in dollars.  (a) Find the rate of change in demand with respect to price. (b) How fast is the demand changing at price equal to 30 (x = 30)?

If you were a taxi driver, the daily revenue and cost are as the following: Revenue: $250 Variable cost (gas, your labor…): $190 Mortgage payment for car: $70 License Fee: $30 For profit maximization, will you operate your taxi business today?  What is the minimum daily revenue to keep the operation in the short run?  What is the minimum daily revenue to keep the operation in the long run?  Please show calculation formula and/or equation.

"A taxi company currently has nine cabs in its fleet, and its total daily cost is $4,000. If the company added a 10th cab, its daily total cost would be $4,200, or $420 per cab. Adding the 10th cab will increase the daily total revenue by $300. Should the company add the 10th cab?  (Yes/No)"

Factory X can produce skis or snowboards. If all factory time is devoted to producing skis, 400 pairs of skis per day are produced. If the factory devotes all time to producing snowboards, 700 snowboards per day are produced. Snowboards 700 400 Pairs of Skis A recent technological advancement has positively impacted factory operations. This has resulted in an increase production of snowboards by 50%. What is the new maximum number of skis that can be produced per day?

When the price of a gallon of milk increases from $6 to $8, quantity demanded decreases to 27 gallons. Assuming the price elasticity of demand for milk is -0.3, what is the original quantity demanded? (assuming further that this is the point elasticity relative to the original point on the demand curve.) Please make sure you give a numerical answer with no units and/or space or period (.) or comma (,) before or after your answer. Enter your answer here

Help me fast so that I will give Upvote....

The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $140. The quantity demanded each month is 1000 when the unit price is $110. The suppliers will market 750 espresso makers when the unit price is $76 or higher. At a unit price of $96, they are willing to market 2250 units. Both the supply and demand equations are known to be linear. (a) Find the demand equation. P = (b) Find the supply equation. p= (c) Find the equilibrium quantity and the equilibrium price. units $

3. (a) If the demand function is P = 60 – Qfind an expression for TR in terms of Q.Differentiate TR with respect to Q to find a general expression for MR in terms of Q. Hence write down the exact value of MR at Q = 50.Calculate the value of TR when (a) Q = 50 (b) Q = 51 and hence confirm that the 1 unit increase approach gives a reasonable approximation to the exact value of MR obtained in part (1)(b) The consumption function is C = 0.01Y2 + 0.8Y + 100 (i) Calculate the values of MPC and MPS when Y = 8.(ii) Use the fact that C + S = Y to obtain a formula for S in terms of Y. By differentiating this expression find the value of MPS at Y = 8 and verify that this agrees with your answer to part (a).

(c) The demand function of the company that make hard disk is given by P = D(Q) = 78 – 4Q where P is the unit price in ringgit and Q is the quantity demanded in units of a thousand. The supply function for these hard disks is given by P = S(Q) = 13 + Q where P stands for the unit price in ringgit Q stands for the number of hard disk that the supplier will put on the market, in units of a thousand. Determine the consumers' surplus and the producers' surplus if the market price of a hard disk is set at the equilibrium price.

Find the derivative and simplify. y = (8x+7)(x² - 3x). y' = Find the derivative and simplify. f(x) = (x12+2x+3)(5x³- 1) f'(x) = Find the indicated derivative. for z = x²+ dx x2 1-x-5x2 dz dx x²+2 For the function y = x+8 at (3, 1), find the following. (Give exact answers. Do not round.) (a) the slope of the tangent line (b) the instantaneous rate of change of the function If the cost C (in dollars) of removing p percent of the particulate pollution from the exhaust gases at an industrial site is given by the equation shown below. C(p) = 6100p 100-p For the function y = (x² + 4)(x³- 9x), at (-3, 0) find the following. (a) the slope of the tangent line Find the rate of change of C with respect to p. C'(p) = (b) the instantaneous rate of change of the function Find the indicated derivative. dp - for p = dq 92+2 69-5 dp da Find the indicated derivative. dx dy 1- 2x2 for y= dx x4-2x²+3 Suppose the revenue (in dollars) from the sale of x units of a product is given by R(x) = 36x² + 50x 2x +…

What is the elasticity of substitution of f(K, L) = KL²? (a) 1/3 (b) 1/2 (c) 2/3 (d) 1 (e) 3/2 (f) 2 Which of the following represents increasing returns to scale? (a) f(K, L) = (K² + L²)¹/2 (b) f(K, L) = (K¹/2 + [¹/2)² (c) f(K, L) = (K + L) (d) f(K, L) = (K + L)² Suppose the production function for good q is given by q = (k¹/2+1¹/2)2. Consider the following three statements about this function: I. The function exhibits constant returns to scale. II. The function exhibits diminishing marginal productivities in both inputs. III. The function has a constant rate of technical substitution. Which of these statements is true? (a) All of them (b) None of them (c) I and II, but not III (d) II and III, but not I

C&A Fast Food has four activities in serving a customer: greet customer, take order, process order, and deliver order. Each activity is staffed by one employee (for a total of four employees). The processing time for each activity is given as follows: Greet customer Take order Process order Deliver order Activity Processing time per customer 2 seconds 30 seconds 60 seconds 5 seconds Assume demand is unlimited. If one additional employee is added to the bottleneck activity, what will be the percentage change in process capacity?

(a) The new PlayBox gaming consoles retail for $900 each. However, a shortage of consoles caused by manufacturing delays and parts supply issues have lead to scalpers purchasing large numbers of consoles and reselling them for a profit. Due to a manufacturing fault, the scalper incurs a 50% loss on six consoles. i) If the scalper normally makes a 40% profit on the consoles, how many consoles must they sell to make up for their loss? ii) The scalper is impatient and decides to increase their price to make up for the loss faster. What price must they resell the consoles at to make back their loss upon the sale of their fourth console at the increased price?

(i) Given the demand functions and the total cost function two goods: X and Y Px = 164-&r Py = 81-2y TC = 800+ 4x +y+2xy where x and y are the number of units of goods X and Y respectively Determine the values of x and y for which profit is a maximum. What is the maximum profit?

7

Find the total revenue generated if price is $30 and output sold is 66 units

Math 1

Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. Also suppose that when the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day. Based on these numbers and using the midpoint formula, the percentage change in the quantity demanded is: 32.9%. 14.3%. 28.6%. 12.33%. Correct Answer 28.6%.

I want answers for this question

In this problem, p is in dollars and q is the number of units. (a) Find the elasticity of the demand function p + 69 - 300 at (9, p) = (25, 150). (b) How will a price increase affect total revenue? O Since the demand is elastic, an increase in price will decrease the total revenue. Since the demand is inelastic, an increase in price will decrease the total revenue. O Since the demand is elastic, an increase in price will increase the total revenue. Since the demand is unitary, there will be no change in the revenue with a price increase. Since the demand is inelastic, an increase in price will increase the total revenue. Need Help? Read It Watch It

a) The demand function for a product is p = 60 3-9/15) where q is the number of units and p is the price of one unit. At what price will the demand be 15 units? How many units will be demanded if the price is $41.60?

28) If average cost is increasing over a range , it should be the case that a) marginal cost is smaller than average cost over that range b) marginal cost is equal to average cost over that range c) marginal cost intersects the average cost over that range d) marginal cost is greater than the average cost

I am not sure how to start this

How do I get the revenue and profit. I also do not know how to get the number they should sell

Hi, I need help finding the correct solution for this problem. I have tried entering both "30" and "30.00" as the solution, but the program marked both as incorrect. I'm not sure whether I'm making a small error or if I'm completely off. Please help, Thank you.

(a) What do you mean by inventory carrying cost and ordering cost? Explain with examples. 2(b) Mr Mahmud operates a cosmetics shop at Dhanmondi. The annual demand for soap is 2,500 units. The setup cost is Tk.15 per order. The material cost per unit Tk.3 and the holding cost 10% of average inventory.. a) What is the optimum number of units per order? (Use EOQ formula)b) What is the expected number of orders per year if management considers the followings units for order placement: 100 units, 250 units, 500 units and 1250 units?(Use comparative tabular format)

13. A company finds that it can sell out a certain product that it produces, at the rate of Tk. 2 per unit. It estimates the cost function of the product to be Tk. 100 오 2 50 for q units produced. (i) Find the expression for the total profit, if q units are produced and sold. (ii) Find the number of units produced that will maximize profit. (iii) What is the amount of this maximum profit? (iv)What would be the profit if 6000 units were produced?