Suppose that when an industrial machine ist years old, it generates revenue at the rate of R'(t) =6025-8t² rupees per year and result in cost the accumulate at the rate of C'(t)=4681+13t² rupees per year. 1. How many years is the use of machine profitable? 2. What are the net earnings generated by the machine during its period of profitability?
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
Suppose that when an industrial machine ist years old, it generates revenue at the rate of R'(t) =6025-8t² rupees per year and result in cost the accumulate at the rate of C'(t)=4681+13t² rupees per year.
1. How many years is the use of machine profitable?
2. What are the net earnings generated by the machine during its period of profitability?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
