Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x)=100x and its monthly cost in dollars is given by C(x)=75x+3,750
a. Find the break-even point.
b. Graph the revenue and cost equations on the same axes.
c. From the graph, estimate the revenue and cost when
x=75
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 4 steps with 4 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.Similar questions
- A downtown parking lot charges $5 per hour for the first 2 hours, then $2.50 per hour after that. Which equation(s) describes the total cost y as a function of the hours x? 1. Y = 5x + 2.5(x-2) 2. Y = 5x + 2.5x 3. Y = 5x for 2 hours or less, then Y =10 + 2.5(x-2) for over 2 hours 4. Y = 5x up to 2 hours then Y = 5x + 2.5x for over 2 hoursarrow_forwardThe values y (in billions of dollars) of U.S. currency in circulation in the years 2000 through 2007 can be modeled by y = -451 + 444 In t, 10 < t< 17, where t represents the year, with t = 10 corresponding to 2000.t During which year did the value of U.S. currency in circulation exceed $800 billion?arrow_forwardAn insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 160x and its monthly cost in dollars is given by C(x) = 120x+9,600. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x = 120.arrow_forward
- A carpenter's shop has weekly fixed costs of $5,000 associated with the manufacture of bookcases that each cost $200 to produce. Find the cost equation C(x) if x is the number of bookcases produced each week. Input your answer in the form C(x) = mx + b.arrow_forwardSuppose a rumor is spreading that the government plans to give each college student $1000. Asssume that 20 people have heard the rumor as of today and that each day the number of people (past and present) who have heard it triples. Let f(t) be the number of people (past and present) who have heard the rumor at t days since today. a. Find an equation of f. b. How many people (past and present) will have heard the rumor 10 days from now? c. How many people (past and present) will have heard the rumor 15 days from now? Has model breakdown occurred? [Hint: Assume that the population is 112 million.] a. Find an equation of f. f(t) = ¹ b. How many people (past and present) will have heard the rumor 10 days from now? people c. How many people (past and present) will have heard the rumor 15 days from now? people Has model breakdown occurred? A. Model breakdown has occurred because the value for f(15) is greater than the population. B. Model breakdown has not occurred because the value for…arrow_forwardA company selling widgets has found that the number of items sold, x, depends upon the price, p at which 70000 they're sold, according the equation a (0.5p + 1)² Due to inflation and increasing health benefit costs, the company has been increasing the price by $0.06 per month. Find the rate at which revenue is changing when the company is selling widgets at $4 each. Revenue is changing at a rate of dollars per month.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Advanced Engineering MathematicsAdvanced MathISBN:9780470458365Author:Erwin KreyszigPublisher:Wiley, John & Sons, IncorporatedNumerical Methods for EngineersAdvanced MathISBN:9780073397924Author:Steven C. Chapra Dr., Raymond P. CanalePublisher:McGraw-Hill EducationIntroductory Mathematics for Engineering Applicat...Advanced MathISBN:9781118141809Author:Nathan KlingbeilPublisher:WILEY
- Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,
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,