-5. The price, p, in dollars of a product is given byp(n) = 36 – 0.4n, 0≤ n ≤ 90, where n is thenumber of units sold each day. The operatingcost of the business is $100 per day, plus $20 incommission for each item sold.a) Find the daily revenue function.b) Find the daily cost function.c) If the profit function is given byP(n) = R(n) – C(n), for what values of n willthe profit be greater than or equal to zero?

The price, p, in dollars of a product is given by p(n)= 36 -0.4n, 0≤n≤ 90, where n is the number of…

Answered: . The price, p, in dollars of a product…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

Suppose that the cost (in dollars) of manufacturing x items is approximated by the formula C2 = 2x + x2. Find the daily rate of change in the cost function at the time the production level is 10 items and changing at a rate of 3 items per day. $7.33 per day $3.01 per day $66 per day $2.83 per day
The percent of high school students who smoked cigarettes on 1 or more of the 30 days preceding the survey is given by y = -0.064x² +0.277x +33.715, where x is the number of years after 1990. During what years from 1990 on is the percent greater than 30%? From to the percent is greater than 30%. (Round up to the nearest year as needed.)
A builder needs to rent a dump truck for a day for $75 plus $0.80 per mile. Find the cost function. (Let x be the number of miles.)C(x) =
A firm sells a product for $80 per unit. Raw material costs are$12,50 per unit, labor costs are $27,50 per unit, and annual fixedcosts are $260,000.a. Determine the profit function P(x), where x equals the numberof units sold.b. How many units would have to be sold to earn an annualprofit of $250,000.
A company produces hats $8.50 per unit, plus a fixed operating cost of $2 200. The company sells the product for $19.50. Determine the profit function. State the range of the profit function.
2. Consider the following first-order ODE: =x-y from x = 0 to x = 1.2 with y(0) = 1 (a) Solve by hand with Euler's explicit method using h = 0.4. (b) Solve by hand with the modified Euler method using h = 0.4- (c) Solve by hand with the classical fourth-order Runge-Kutta method using h = 0.4. The analytical solution of the ODE is: y=x+2e-1. In each part, calculate the error between the true solution and the numerical solution at the points where the numerical solution is determined.

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS